Question Content Area Equipment with a cost of $161,748 has an estimated residual value of $8,527 and an estimated life of 3 years or 15,069 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 3,194 hours?

a.$51,073.67

b.$32,476.47

c.$53,916.00

d.$32,524.44