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QUESTIONS 5. Wildcats purchased an oil rig for 55.000.000 on January 1, 2021. The life of the rig is 10 years and the expected cost to dismantle the rig at the end of 10 years is 51.600.000 (present value at 10% is $616.880), 10% is an appropriate interest rate for this company. What expense should be recorded for 2021 as a result of these events? Assume that it allocates the asset acquisition and retirement cost using the straight-line method. A Depreciation expense of 5660,000 and interest expense of $160,000 B. Depreciation expense of 5660,000 and interest expense of $61,688 c. Depreciation expense of 5561.688 and Interest expense of $61.688 D. Depreciation expense of $500.000 and interest expense of $160.000