An asset that was originally purchased for $46,000 has an estimated salvage value of $4,000 and a 7 year life. The depreciation on the asset has been properly recorded through the end of Year 2 using the straight-line method. Assuming the asset is sold on March 31 of Year 3, what is the appropriate amount of depreciation to record before accounting for the disposal?

$6,000

$1,500

$4,500

$1,643

No entry is needed prior to recording the disposal