Beta Cruise Ltd. is a cruise company that acquires a new ship. The cost of the new ship is 5 million. It is estimated the ship has a useful life of 20 years. The legislation of the country in which the company operates requires the company to support the cost of disposal of iron at the end of the ship's useful life. The cost of this disposal is estimated to be 1 million. The discount rate is estimated to be 7%. The present value of the liability to clean up is 258,419 and will be recognized in accordance with IAS 37. At what amount should Beta Cruise Ltd. initially recognize the ship? Select the best response, and then click Submit. 5,000,000 5,258,419:5,000,000+258,419 6,000,000:5,000,000+1,000,000 6,258,419:5,000,000+1,000,000+258,419