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An oil company is buying a semi-submersible oil rig for $30 million. Additionally, it will cost $1.5 million to move the oil rig to the

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An oil company is buying a semi-submersible oil rig for $30 million. Additionally, it will cost $1.5 million to move the oil rig to the oil-field and to prepare it for operations. If it is depreciated over six years using straight-line depreciation, what are the yearly depreciation expenses in this case? A. $5.0 million B. $5.3 million C. $6.0 million D. $4.8 million

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