Peavey Enterprises purchased a depreciable asset for $$27,500$ on April $1,$ Year $1.$ The asset will be depreciated using the straight$-$line method over its four$-$year useful life. Assuming the asset's salvage value is $$3,100,$ what will be the amount of accumulated depreciation on this asset on December $31,$ Year $3?$

$$5,083$

$$24,400$

$$20,333$

$$6,100$

$$16,775$