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The Digby Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years

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The Digby Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. Suppose at the end of 15 years this plant and equipment can be salvaged for $4,090,000 (1/10th of its original cost). What will be the book value of this purchase (excluding all other Plant and Equipment) after its first year of use?