Problem 9-7A Calculating depreciation LO2 Use the following table Big Sky Farms Partial Balance Sheet April 30, 2eze Property, plant and equipment: Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Total property, plant and equipment $ 780, eee $930,000 682,00 620, eee 262,88 248, eee 357,120 $1,385, 120 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 1 2 Record the depreciation for the building, for the year ended April 30, 2021. Homepage TUD New message Sign in Lab Saved Use the following table: $ 780,000 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 $930,000 682,eee 620, eee 262,888 248,000 357,120 $1,385,120 The building was purchased on May 3, 2009, and is depreciated to the nearest whole month using th 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 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 ec View transaction list Journal entry worksheet 2 Record the depreciation for equipment, for the year ended April 30, 2021. Note: Enter debits before credits Date Arv a 2021 General Journal Debit Credit search O 36 e