Review View Help Search E.EE | 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em.. Emphasis Paragraph Styles Equipment with a cost of $161,591.00 has an estimated residual value of $8,717.00 and an estimated life of 4 years or 14,625 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 3,958 hours? Select the correct answer $38.62 218.50 $4.00 $41,372.67