Peavey Enterprises purchased a depreciable asset for $30,500 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 $3,700, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? O $5,583 O $22,333 O $5,583 O $6.700 O $18,425