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The Andrews Company has just purchased $52,212,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at

The Andrews Company has just purchased $52,212,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $5,221,200. What will the book value of this purchase (exclude all other plant and equipment) be after its third year of use?

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