Problem 9-7A Calculating depreciation LO2 Use the following table: ok Big Sky Fares Partial Balance Sheet April 30, 2020 Property, plant and equipment: Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Total property, plant and equipment $ 230,00 5855,000 522,50 332,500 578,000 241.6.0 328,320 51,390,320 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 18-year life, after which it will be demolished and replaced with a new one. The equipment was purchased on November 3, 2017 and is depreciated to the nearest whole month using the double-decin 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