Leases (Sale and lease back)

On 1 January 20X6, Sideshow sold a property for its fair value of $2 million, transferring title
to the property on that date. Sideshow then leased it back under a 5?year lease, paying
$150,000 per annum on 31 December each year. The present value of rentals payable was
$599,000 and the interest rate implicit in the lease was 8%. The carrying amount of the
property on 1 January 20X6 was $1.6 million and it had a remaining useful life of 20 years.
What entries would be made in Sideshow’s statement of profit or loss for the year ended
31 December 20X6?

A) Profit on disposal of $280,200, depreciation of $95,840, finance cost of $47,920
B) Profit on disposal of $400,000, rental expense of $150,000
C) Profit on disposal of $400,000, depreciation expense of $95,840, finance cost of
$47,920
D) Profit on disposal of $280,200, depreciation of $119,800, finance cost of $47,920

could u plz help with depriciation part that how do we calculate he depriciation in case of lease or buy back transactions?