A company buysang for $2.000.000 on January 2020. The life of the nigis 10 years and the expected cost to dismantle the rig at the end of the 10 years is $400,000. The present value of manata 10 rate is 154.220 Instructions 1. Prepare the journal entries to record the purchase and assettirement obligation of the rig for jan 1. 2. Prepare the December altres for the ng and asset retirement obligation The company uses straight-line depreciation and there is no salvage value For the tours ALTRO ALT+FN+F10 Mad