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What will the book value of this purchase

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Question - The Andrews Company has just purchased $58,583,200 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $5,858,320. What will the book value of this purchase (exclude all other plant and equipment) be after its third year of use? (Use FASB GAAP)

$42,179,904

$50,772,107

$46,866,560

$48,038,224

Reference no: EM131986364

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