Test 3 Saved Help Save & Exit Subr Lima Enterprises purchased a depreciable asset for $23,000 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 $2,200, Lima Enterprises should recognize depreciation expense in Year 2 in the amount of: Multiple Choice $5,750.00 $20,800.00 $5,200.00 $4,333.33 $19,933.33