Lomax Enterprises purchased a depreciable asset for $22,500 on March 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 $2,100, Lomax Enterprises should recognize depreciation expense in Year 2 in the amount of:
$5,625.00
$4,250.00
$20,400.00
$19,550.00
$5,100.00