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Best Toys Inc purchased equipment on January 1, 2022 for $54,000, it has an estimated residual value of $2,000. The equipments expected production is: 15,000

Best Toys Inc purchased equipment on January 1, 2022 for $54,000, it has an estimated residual value of $2,000. The equipments expected production is: 15,000 units in 2022; 12,000 units in 2023; 10,000 units in 2024; 26,000 units in 2025 and 37,000 in 2026. Using Units-of-Production method, what is the depreciation rate per unit?

$1

$0.50

$0.20

$0.52

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