Question 10 Not yet answered Marked out of 1.00 P Flag question On 1 January 2020 James Company purchased a machine for 30,000. The machine is expected to have a residual value of 2,000. The depreciation rate is 10%. The accumulated depreciation on the machine after three full years using the diminishing balance method, depreciation would be: Select one: O a. 9,000 O b. 2,800 O c. 7,588 O d. 7,400