The following information is available on a depreciable asset owned by Mutual Savings Bank: Purchase date Purchase price Salvage value Useful life Depreciation method July 1, Year 1 $93,700 $10,100 11 years straight-line The asset's book value is $78,500 on July 1, Year 3. On that date, management determines that the asset's salvage value should be $5,100 rather than the original estimate of $10,100. Based on this information, the amount of depreciation expense the company should recognize during the last six months of Year 3 would be: I Multiple Choice . . $4,077.78 $1,971.93 $1,758.33 $2,038.89 $2,180.56