The Andrews Company has just purchased $46,258,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,625,800. 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

	$5,550,960
	$3,083,867
	$6,167,733
	$2,775,480