QS 9-10 Calculating depreciation on components LO2 Crystal Cleaners is an eco-friendly dry cleaner. The following excerpt from its PPE subledger shows the component details regarding the dry cleaning equipment: Dry Cleaning Equipment: Component Computer panel Dry cleaning drum Stainless steel housing Miscellaneous parts Depreciation Method SL Units SL SL Estimated Residual Cost $ 4,000 $ -0- 70,000 85,000 26,000 $185,000 5,000 10,000 -0- SL-Straight-line; Units Units-of-production. Calculate depreciation on the dry cleaning equipment for the year ended December 31, 2023. Assume the equipment was purchased on January 2, 2023, and that 62,000 garments were dry cleaned during 2023.

QS 9-10 Calculating depreciation on components [ LO2 Crystal Cleaners is an eco-friendly dry cleaner. The following excerpt from its PPE subledger shows the component details regarding the dry cleaning equipment: I SL - Straight-line; Units - Units-of-production. Calculate depreciation on the dry cleaning equipment for the year ended December 31, 2023. Assume the equipment was purchased on January 2, 2023, and that 62,000 garments were dry cleaned during 2023