$ 790, eee 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 202,500 $945,000 742,500 630, eee 267, 120 362,880 $1,355,380 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 14-year life, after which it will be demolished and replaced with a new one. 2 The 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 View journal entry worksheet No Date Apr 30, 2021 Debit Credit 1 General Journal Depreciation expense, building Accumulated depreciation building 2 Apr 30, 2021 Depreciation expense, equipment Accumulated depreciation equipment