Peavey Enterprises purchased a depreciable asset for $24,000 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 $2,400, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of:

Multiple Choice

• $20,700.00

• $5,400.00

• $4,500.00

• $21,600.00

• $6,000.00