HelpSave E Quiz Peavey Enterprises purchased a depreciable

HelpSave & E Quiz Peavey Enterprises purchased a depreciable asset for $28,500 on April 1, Year 1. The asset will be depreciated using the straight-ine method over its four-year useful life. Assuming the asset\'s salvage value is $3,300, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of Multiple Choice $6,300.00 $25,200.00 $7125.00 ?Pray 4016111 Neet > ere to search SAMSUNG

Solution

A. $6,300.00

Depreciation Expense = (Cost - Salvage Value)/Estimated Useful Life

Depreciation Expense = ($28,500 ? $3,300)/4 = $6,300