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Equipment with a cost of $167,240 has an estimated residual value of $8,239 and an estimated life of 3 years or 13,138 hours. It is

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Equipment with a cost of $167,240 has an estimated residual value of $8,239 and an estimated life of 3 years or 13,138 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 3,409 hours? Oa. $3.00 Ob. $53.000.33 Oc. $41,257.00 Od. $46.64

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