Peavey Enterprises purchased a depreciable asset for $23,000 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 $2,200, what will be the amount of accumulated depreciation on this asset on December 31, Year 3?

$14,300

$5,200

$4,333

$4,333

$17,333