Lifeline Biofuels built an oil rig at a cost of $3,5 million. The company estimates the oil rig will have a useful life of 20 years with no salvage value) after which Federal regulations require that the oil rig must be dismantled and the land area restored The fair value of the costs of this asset retirement project is 5975,000 The present value of these asset retirement costs is $305,000 based on the 6% after-tax discount rate. Under U.S. GAAP. what is the initial capitalized carrying zes value of the oil rig at the completion of construction? SC zes A. $3,805,000 OB. $3.195,000 OC. $210,000 OD. $3.500.000 Test Test