Tony's Pizzas purchased an Oven on January 1, 2020, for $69,000. The oven is estimated to have an 8-year life with a $5,000 salvage value. The estimated useful life in operating hours is 120,000 hours. Answer the following questions based on the given information What is the annual depreciation rate using the declining balance method in this case? 12.5% 16.67% 25% 33.33% What is the annual depreciation rate using the straight-line method in this case? 12.5% 16.67% 25% 33.33% What is the depreciation cost per unit of activity for the oven using the units of activity method in this case? $0.25 SO 58 $0.73 $0:53 What is the annual depreciation expense at the end of Year 3 using the declining balance method in this case? $8,000 SB,625 $7277 $9.703 What is the annual depreciation expense using the straight-line method in this case? $6,400 $8,000 $5,000 58,625 What is the accumulated depreciation of the oven at the end of Year 2 using the declining balance method in this case? $38,812 $47,168 $17.250 $30,188