Equipment with a cost of $155,865.00 has an estimated residual value of $8,562.00 and an estimated life of 7 years or 15,996 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 3,020 hours? Select the correct answer. A. 21043.29 B. 27810.39 C. 48.78 D. 7.00