The Abby Company has just purchased $30,000,000 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 $3,000,000 (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? (Hint- you do not depreciate the salvage value) $26,000,000 $27,000,000 $28,200,000 $30,020,000