peavey enterprises purchased a depreciable asset for $32,000 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 $4,000, peavey enterprises should recognize depreciation expense in year 2 in the amount of: multiple choice $5,833.33 $26,833.33 $8,000.00 $7,000.00 $28,000.00
