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,$ Peavey Enterprises should recognize depreciation expense in Year $2$ in the amount of:

Multiple Choice

$$21,466\mathrm{.}67$

$$4,666\mathrm{.}67$

$$5,600\mathrm{.}00$

$$6,250\mathrm{.}00$

$$22,400\mathrm{.}00$