On January 1, a company purchases equipment worth $191,000. The company plans on using the equipment for 5 years and expects it to have a residual or salvage valeu of $2,600. The equipment is expected to produce 105,400 units over it's lifetime. The company uses the units of production method to caluclate deprecitaion.

• What is the depreciation per unit? (Round your calculations to the nearest cent or 2 decimal places.)

  $