Equipment with a cost of $154,931 has an estimated residual value of $9,763 and an estimated Me of 6 years or 15,486 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 for 3,446 hours? $24,194.67 $32,303.30 542.13 $6.00