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 $111,700 $11,600 11 years straight-line The asset's book value is $93,500 on July 1, Year 3. On that date, management determines that the asset's salvage value should be $6,600 rather than the original estimate of $11,600. Based on this information, the amount of depreciation expense the company should recognize during the last six months of Year 3 would be: Multiple Choice $2,091.67 $2,346.93 $2,413.89 $2,597.22 $4,827.78