Ster 9 Lab 21 $ 720,000 BiR Sky Fares Partial Balance Sheet Apr 30, 2020 Property, plant and equipment: Land Building Lesst Accumulated depreciation Equipment Less: Accumulated depreciation Total property, plant and equipment 224,000 $840,000 616,000 560,000 237,110 322,560 $1,266,560 red OK "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. t ces 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 $250,000. 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 Record the depreciation for the building, for the year ended April 30, 2021. search