On January 1, 2007, Corporation acquired equipment for $124,000. The estimated life of the equipment is 3 years or 24,000 hours. The estimated residual value is $10,000. What is the depreciation for 2007, if Corporation uses the asset 9,300 hours and uses the units-of-production method of depreciation?

$41,333

$43,225

$44,175

$38,000