Problem 9-7A Calculating depreciation LO2 Use the following table: The buiding was paichased on May 3. 20t2. and is depreciated to the nebrest whole month using the straight-line imethod Depreciation is based on a 18 year life, ofter which it will be demolshed and replactd with a new one. 2The equipment was purchased on November 3,2020, and is depreciated to the nearest whole morith using the double-declining: balance method, The total estinated useful life is 10 years with a residual value of $250,000 Required: 1. Cakcilate and record depreciation for the year just ended Apeil 30.2024 , for both the building and equipment. Journal entry worksheet