Peavey Enterprises purchased a depreciable asset for $27.500 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 $3100, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of Multiple Choice 0 O $24.400.00 0 $23.383.33 0 $5,300.00 0 55.87500