The Andrews Company has just purchased $51,888,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $5,188,800. What will the book value of this purchase (exclude all other plant and equipment) be after its third year of use? (Use FASB GAAP) Select: 1Save Answer $37,359,360 $44,969,600 $42,548,160 $41,510,400