Crystal Cleaners dry cleans industrial clothing. The following excerpt from its PPE Subledger shows the component details regarding the dry cleaning equipment:

Calculate depreciation on the dry cleaning equipment for the year ended December 31, 2014. Assume the equipment was purchased on January 2, 2014, and that 62,000 garments were dry cleaned during2014.

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Dry Cleaning Equipment: Depreciation Method SL Units SL SL Estimated Residual $ 0- 8 years Estimated Life Component Computer panel Dry clean Stainless steel housing Miscellaneous parts Cost S 4,000 70,000 85,000 26,000 $185,000 5,000 10,000 20 years ing drum 400,000 garments -0 2 years