Peavey Enterprises purchased a depreciable asset for $$31,500$ on April $1,$ Year $1.$ The asset will be depreciated using the straight$-$line method over its four$-$year useful life. Assuming the asset's salvage value is $$3,900,$ what will be the amount of accumulated depreciation on this asset on December $31,$ Year $3?$ Peavey Enterprises purchased a depreciable asset for $$31,500$ 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 $$3,900,$ what will be the amount of accumulated depreciation on this asset on December $31,$

Year $3?$

Multiple Choice

$$27,600$

$$6,900$

$$23,000$

$$5,750$ $$18,975$

Multiple Choice

$$27,600$

$$6,900$

$$23,000$

$$5,750$

$$18,975$