Peavey Enterprises purchased a depreciable asset for $27,000 on April 1, Year 1. The asset wal be depreciated using the stright-line muethod over its four-year useful life. Assuming the asset's salvage value is $3,000, what will be the amount of accumulated depreciation on this asset on December 31, Year 3 ? $20,000 $24,000 55,000 $16,500 $6,000 An accelerated depreciation method yields more depreciation expense in the early years of an asset's life and less depreciation espems in iater years. true false