Moving to another question will save this response Question 2 1 points Save M A company buys an oil rig for $1,000,000 on January 1, 2020. The life of the rig is 10 years and the expected cost to dismantle the ng at the end of 10 years is $200,000 (present value at 10% is $77,110) The appropriate interest rate for the company is 10%. What expenses should be recorded for 2020 as a result of these events? OA Depreciation expense of $107,711 and interest expense of $7,711 Ou Depreciation expense of $100,000 and interest expense of $20,000 Oc Depreciation expense of $120,000 and interest expense of $7,711 Op Depreciation expense of $120,000