Question Content Area Equipment with a cost of $161,748 has an estimated residual value of $8,527 and an estimated life

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Question Content Area Equipment with a cost of $161,748 has an estimated residual value of $8,527 and an estimated life

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Question Content Area Equipment with a cost of $161,748 has anestimated residual value of $8,527 and an estimated life of 3 yearsor 15,069 hours. It is to be depreciated by the straight-linemethod. 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
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