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Equipment with a cost of $ 1 6 0 , 0 0 0 has an estimated salvage value of $ 1 5 , 0 0

Equipment with a cost of $160,000 has an estimated salvage value of $15,000 and an estimated life of 4 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours?
$40,000
$36,250
$41,250
$43,750
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