Peavey Enterprises purchased a depreciable asset for $28,500 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 $3,300, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of:

Multiple Choice

• $25,200.00

• $24,150.00

• $7,125.00

• $6,300.00

• $5,250.00