Peavey Enterprises purchased a depreciable asset for $24000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four year useful life. Assuming the asser's salvage value is $2,400, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of Multiple Cholce $6,000.00 $5.40000 $21,60000 $20700 00