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Equipment with a cost of $154,396.00 has an estimated residual value of $9,911.00 and an estimated life of 3 years or 14,571 hours. It is

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Equipment with a cost of $154,396.00 has an estimated residual value of $9,911.00 and an estimated life of 3 years or 14,571 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 3,469 hours? Select the correct answer. $3.00 $48,161.67 $34,398.36 $41.65

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