Save & Exit Sur 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, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? 27 Multiple Choice 527200 $18,700 $5,667 $22.567 50,000