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The Andrews Company has just purchased $47,976,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at

The Andrews Company has just purchased $47,976,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,797,600. What will the depreciation expense for this purchase (exclude all other plant and equipment) be after its second year of use? (Use FASB GAAP Select: 1 $2,878,560 $3,198,400 $6,396,800 $5,757,120

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