Equipment with a cost of $163,661 has an estimated residual value of $9,375 and an estimated life of 3 years or 13,229 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 3,634 hours? a. $3.00 O b. $42.46 O Od. $51,428.67 c. $42,382.29

Equipment with a cost of $163,661 has an estimated residual value of $9,375 and an estimated life of 3 years or 13,229 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 3,634 hours? a. $3.00 b. $42.46 c. $42,382.29 d. $51,428.67