Peavey Enterprises purchased a depreciable asset for $29,000 on April 1, Year 1. The asset will be depreciated using the

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Peavey Enterprises purchased a depreciable asset for $29,000 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 $3,400, what will be the amount
of accumulated depreciation on this asset on
December 31, Year 3?
Multiple Choice
$17,600
$21,333
$25,600
$5,333
$6,400