7 Mention 7 of 1 points A company buys an oil rig for $3,000,000 on January 1, 2020. The life of the rig is 10 years and the expected cost to dismantle the rig at the end of 10 years is $600,000 (present value at 10% is $231,330) The appropriate interest rate for the company is 10% What expenses should be recorded for 2020 as a result of these events? OA Depreciation expense of $300,000 and interest expense of $60,000 OB Depreciation expense of $360,000 Oc. Depreciation expense of $360,000 and interest expense of $23,133 Oo Depreciation expense of $323,133 and interest expense of $23,133