Crystal Cleaners is an eco-friendly dry cleaner. 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, 2020. Assume the equipment was purchased on January 2, 2020, and that 62,000 garments were dry cleaned during 2020.

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