1 Peavey Enterprises purchased a depreciable asset for $30,000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $3,600, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of: 02:47:10 Multiple Choice O $26,400.00 $6,600.00 $5,500.00 $7,500.00 O $25,300.00

Peavey Enterprises purchased a depreciable asset for $30,000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful ife. Assuming the asset's solvage value is $3,600. Peavey Enterpeises should recognize depreciation expense in Year 2 in the amount of: Muitiple Choice 526.400 .00 56.60000 $5.500.00 57,500.00 $25,30000