Equipment with a cost of $152,378 has an estimated residual value of $8,645 and an estimated life of 3 years or 13,013 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 3,227 hours? 3. $3.00 b. $47,911.00 c. 544.54 d. 535,643.31