Equipment with a cost of $146,460 has an estimated residual value of $9,656 and an estimated life of 4 years or 12,257 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 3,834 hours?

a.$34,201.00

b.$35.68

c.$42,792.41

d.$4.00