Problem 9-7A Calculating depreciation LO2 Use the following table: 3.660.000 Big Sky Farm Partial Balance Sheet April 30, 2020 Property, plant and equipment: Land Building Luns: Accumulated depreciation Equipment Less: Accumalated depreciation Total property, plant and equipment 200.000 $750,000 550.000 500,000 212.000 288,000 $1. 148.000 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. 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 Journal entry worksheet 1 2. Record the depreciation for the building, for the year ended April 30, 2021. Note: Enter debits before credits. Debit General Journal Date Credit Apr. 30, 2021 View general journal Clear entry Record entry Journal entry worksheet