The Andrews Company has just purchased $59,142,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $5,914,200. What will the depreciation expense for this purchase (exclude all other plant and equipment) be for the second year of use? (Use FASB GAAP)

1) $3,548,520

2)	$7,097,040
3)	$3,942,800
4)	$7,885,600