Equipment with a cost of $162,681.00 has an estimated residual value of $7,087.00 and an estimated life of 5 years or 12,723 hours. It is to be depreciated by the straight-ine method. What is the amount of depreciation for the first full year, during which the equipment was used 3,266 hours? Select the correct answer $31,118.80 O$47.64 O$5.00 O$39,941.05