Equipment with a cost of $150,625.00 has an estimated residual value of $9,225.00 and an estimated life of 3 years or 12,644 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 3.403 hours? Select the correct answer 547,133.33 $41.55 $38,056.33 $3.00