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An oil company is buying a? semi-submersible oil rig for $30 million.? Additionally, it will...

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Finance

An oil company is buying a? semi-submersible oil rig for $30 million.? Additionally, it will cost $1.5 million to move the oil rig to the? oil-field and to prepare it for operations. If it is depreciated over seven years using? straight-line depreciation, what are the yearly depreciation expenses in this? case?

A) $4.5 million

b)4.3 million

c) 4.1 million

d) 5.0 million

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