Peavey Enterprises purchased a depreciable asset for $$25,000$ on April $1,$ Year $1.$ The asset will be depreciated using the straight$-$line method over its four$-$year useful life. Assuming the asset's salvage value is $$2,600,$ what will be the amount of accumulated depreciation on this asset on December $31$ Year $3?$

Multiple Choice

$$5,600$

$$22,400$

$$18,667$

$$15,400$

$$4,667$