0 Comment 9 Laba Help Save & Exh Submit Big Sky Farms Partial sheet Property, plant and equipment Land Building Less: Accumulated depreciation Equipment? Less: Accumulated depreciation Total property, plant and equipment $ 670,000 $765,000 561,000 510, 216, 240 284,800 293,760 $1,167,760 The building was purchased on May 3. 2009, and is depreciated to the nearest whole month using the straight-line method Depreciation is based on a 15-year life, after which it will be demolished and replaced with a new one. 2The equipment was purchased on November 3, 2017, and is depreciated to the nearest whole month using the double declining- balance method. The total estimated useful life is 10 years with a residual value of $200,000 Required: 1. Calculate and record depreciation for the year just ended April 30, 2021, for both the building and equipment. View transaction list Journal entry worksheet 11 of 28 :