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Peavey Enterprises purchased a depreciable asset for $ 2 2 , 5 0 0 on April 1 , Year 1 . The asset will be

Peavey Enterprises purchased a depreciable asset for $22,500 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 $2,100, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of:
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$20,400.00
$4,250.00
$19,550.00
$5,100.00
$5,625.00

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