explain calculations

A partial statement of financial position of Sheridan Ltd on December 31, 2019, showed the following property, plant, and equipment assets accounted for under the cost model accumulated depreciation includes depreciation for 2019h Buildings Less: accumulated depreciation Equipment Les accumulated depreciation $325,000 125.000 $131,000 51000 5200,000 80.000 Sheridan uses straight-line depreciation for its building remaining setul 20 years no residual values and for its contament remaining useful life of yests no residual value Shetic polles IFRS are to door the evaluation modeli building and somenteffective December 31, 2017 in these an independent appraiser assessed the far va of the building to be $154,000 that of the count to be 90.000 Prepare the store the december 31, 2019 the seadusteleedinccountilare automatically indented when the amount interd. Da netindent man no entry is required to for the account title and inter for the amount Date Account Titles and Explanation Debit Credit Prepare the entries to record depreciation expense for the year ended December 31, 2020. (Credit account titles are automatically indented when the amount is entered, Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Dec. 31 2020 Date (To record depreciation expense for buildings) Dec 31, 2020 (To record depreciation expense for Ecupient Prepare the necessary general journal entries, if any, to revalue the building and the equipment as at December 31, 2019 using the proportionate method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually if no entry is required, select "No Entry" for the account titles and enter for the amounts. Do not round intermediate calculations. Round finat answers to decimal places ex 5275) Account Titles and Explanation Debit Credit Dec 31, 2019 Date (To record evaluation of the building Dec 31, 2019 Prepare the entries to record depreciation expense for the year ended December 31, 2020 using the proportionate method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Do not round intermediate cakeulations Round final answers to decimal places, es: 5,275.) Account Titles and Explanation Date Dec. 31, 2020 Debit Credit (To record depreciation expense for Buildings) Dec. 31 2020 To record depreciation expense for Equipment