Equipment with a cost of $160,000 has an estimated residual value of $10,000 and an estimated life

Question:

Equipment with a cost of $160,000 has an estimated residual value of $10,000 and an estimated life of 5 years or 12,000 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 3,300 hours?a.$30,000
b.$32,500
c.$34,000
d.$40,000