A machine with a cost of $77,150.00 has an estimated residual value of $5,067.00 and an estimated life of 5 years or 17,150 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 3,760 hours?

Select the correct answer.

$14,416.60

$16,914.52

$15,803.62

$28,833.20