On January 12,20x1, Jackson Company purchased a machine to mold components for one of its products. Total cost of the machine was $480,000 it is expected to produce 700,000 units and to have a salvage value of $60,000 The company used the units-ofproduction method of depreciation. Required: a. In 20x1, it produced 70,000 units. Compute the depreciation expense for 201 Note: For all requirements, round your cost per unit to 2 decimal places