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 i $ 107,000 $ 12,000 10 years straight-line The asset's book value is $88,000 on July 1, Year 3. On that date, management determines that the asset's salvage value should be $7,000 rather than the original estimate of $12,000. 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 0 $2.464.29 $2156.25 0 0 $2,531.25 0 O $5,062.50 0 $2,750.00