30 1.33 points eBook Peavey Enterprises purchased a depreciable asset for $26,500 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 $2,900, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? Multiple Choice $5,900 $4,917 $23,600 Multiple Choice $5,900 $4,917 $23,600 $16,225 $19,667