The Andrews Company has just purchased $$59,458,000$ of plant and equipment that has an estimated useful life of $15$ years. The expected salvage value at the end of $15$ years is $$5,945,800.$ What will the book value of this purchase $($exclude all other plant and equipment$)$ be after its second year of use? $($Use FASB GAAP$)$

Select : $1$

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$$51,530,267$

$$47,566,400$

$$52,323,040$

$$46,377,240$