The following information is about a machine in RXY Berhad. It will be repeated in THREE (3) questions: Acquisition date Cost Price (RM) Residual Value (RM) Useful Life Basis of Measurement Depreciation method Accounting year end Feb 28 2020 Machine 1 July 2019 120,000 0 5 years Cost Model Reducing balance-rate of 2096 31 December every year purchased a new component to the machines to increase the performance, RM30,000 cash. As a result, the rate of depreciation was reduced to 15%. 1. What is the depreciation expenses for the year 20207 Select one a RM23,050 RM26.650 Doc RM3,500 RN 24000