C] Option 4 [Part a]: Depreciation charge = $66,400 C] Option 5 [Part [3}: Depreciation rate = 21.0% C] Option 5 {Part b}: Depreciation rate = 8.1% C] Option 3' (Part b}: Depreciation rate = 8.8% C] Option 8 {Part b}: Depreciation rate = 26.2% Question 7 [5 points] An asset costs $425,000 and has a salvage value of $93,000 after 18 yea rs. [a] Using straight line depreciation, what is the depreciation charge in year 5? Select from options 1 to 4 below. [b] What is the depreciation rate of this asset if the declining balance model is used? Select from options 5 to 3 below. Select 2 correct answeris] C] Option 1 {Part a}: Depreciation charge = $18,444 C] Option 2 {Part a}: Depreciation charge = $332,228 C] Option 3 {Part a}: Depreciation charge = $92,222