19 ints Peavey Enterprises purchased a depreciable asset for $29,000 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 $3,400, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? 01:53:48 Multiple Choice $6,400 $25,600 $17,600 $21,333 $5,333