Equipment with a cost of $153,925 has an estimated residual value of $8,330 and an estimated life of 4 years or 15,024 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 3,716 hours? a. $39.18 b. $4.00 c. $36,011.12 d. $36,398.75