The Andrews Company has just purchased $46,968,000
The Andrews Company has just purchased $46,968,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,696,800. 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: 1
$38,513,760
$37,574,400
$33,816,960
$40,705,600
