Question 39 (of 50) 39. Peavey Enterprises purchased a depreciable asset for $30,50o on April 1. Year 1. The asset will be depreciated using the stralght-une method over Its four-year useful ife. Assumlng the assets salvage value ls $3700, Peavey Enterprises should recognize depreclation expense In Year 2 In the amount of O $7625.00 O $67 oooo O $25,683.33 O $26.800.00 O $5,583.33