$ 720,000 Big Sky Farms Partial Balance Sheet April 30, 2020 Property, plant and equipment: Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Total property, plant and equipment 224,000 $ 840,000 616,000 560,000 237,440 322,560 $1,266,560 1The 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 $250,000. 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 Record the depreciation for the building, for the year ended April 30, 2021. Note. Enter debits before credits General Journal Debit Credit Date Apr 30, 2021 Record entry Clear entry View general journal 2. Prepare the property, plant, and equipment section of the balance sheet at April 30, 2021. (Enter all amounts as positive values.) BIG SKY FARMS Partial Balance Sheet April 30, 2021 Property, plant and equipment: Land Building 0 Equipment