Equipment with a cost of $150,959.00 has an estimated residual value of $7,407.00 and an estimated life of 3 years or 12,139 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 3,798 hours? Select the correct answer. O $47,850.67 $37.80 O $3.00 O $44,913.95