Peavey Enterprises purchased a depreciable asset for $31,000 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 $3,800, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of:

A.) $5,666.67

B.) $6,800.00

C.) $7,750.00

D.) $27,200.00

E.) $26,066.67