Marshali Company purchases a machine for $1,000,000. The machine has an estimated residual value of $120,000. The company expects the machine to produce eight million units. The machine is used to make 400,000 units during the current period.

if the units-of-production method is used, the depreciation rate is:

a) $.30 per unit

b) $2.20 per unit

c) $.11 per unit