18 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, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? 8 03:05:58 Multiple Choice $26,400 $6,600 $18,150 $5,500 $22,000