Peavey Enterprises purchased a depreciable asset for $25,500 on April 1, Year 1. The asset will be depreciated using the straight-line method over its 4-year useful life. Assuming the asset's salvage value is $2,700. Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of:

Multiple Choice

-5,700

-4,750

-22,800

-21,850

-6,375