The Andrews Company has just purchased $42,388,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,238,800. What will the accumulated depreciation expense for this purchase (exclude all other plant and equipment) be after its second year of use? (Use FASB GAAP) Select : 1

$5,651,733

$2,825,867

$5,086,560

$2,543,280