Question 1 of 15 View Policies Current Attempt in Progress Wildhorse's Corner Store is adding gasoline pumps with underground tanks to store the fuel. The tanks have an estimated life of 30 years. Wildhorse's estimates that the cost to remove the tanks is $1165000. Based on an 9% discount rate, the fair value of the ARO is estimated to be $878807. What amount would be recorded as accretion expense and depreciation expense, respectively, for the ARO in the first year? $7903 and $8781 $7903 and $2927 $2927 and $8781 $8781 and $8781