Equipment with a cost of $164,291 has an estimated residual value of $7,985 and an estimated life of 3 years or 12,840 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 3,895 hours?

A. $3.00

B. $52,102.00

C. $40.13

D. $47,415.25