LMC Limited purchased a machine on account on April $2,2021,$ at an invoice price of $$380,000.$ On April $2,$ it paid $$2,000$ for delivery of the machine. A one$-$year, $$4,000$ insurance policy on the machine was purchased on April $5.$ On April $19,$ LMC paid $$8,000$ for installation and testing of the machine. The machine was ready for use on April $30.$

LMC estimates the machine's useful life will be five years or $6,200$ units with a residual value of $$80,000.$ Assume the machine produces the following numbers of units each year: $940$ units in $2021$; $1,460$ units in $2022$; $1,400$ units in $2023$; $1,300$ units in $2024$; and $1,100$ units in $2025.$ LMC has a December $31$ year end.

$$440,000$ $$2,000$ $$4,000$ $$8,0006,200$ $$80,0005$

$9401,4601,4001,3001,100$

Instructions:

Calculate depreciation expenses for the year $2023$ using the double$-$diminishing$-$balance method and Round the depreciation cost per unit to the nearest cent.