The Anthony Company purchases an oil tanker depot on 1/1/21 for $500,000. After a useful life of 10 years, the depot must be dismantled at a cost of $60,000. Straight-line depreciation is used. The interest rate is 6%. What is the total effect on 2021 Net Income caused by all required accounting?

a. $55,361

b. $52,010

c. $53,350

d. $52,650

e.53,600