Peavey Enterprises purchased a depreciable asset for $26,000 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 $2,800, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of: 07.06 Multiple Choice $5,800.00 $4,833.33 $23,200.00 $6,500.00 $22.233.33