1. Calculate and record depreciation for the year just ended April 30, 2021, for both the building and equipment.

2. Prepare the property, plant, and equipment section of the balance sheet at April 30, 2021.

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Big Sky Farms Partial Balance Sheet April 30, 2020 Property, plant and equipment: $ 730,000 Land. Building'. Less: Accumulated depreciation. Equipment?. Less: Accumulated depreciation. $742,000 583,000 159,000 670,000 284,080 385,920 $1,274,920 Total property, plant and equipment. 'The bullding was purchased on May 3, 2009, and is depreclated to the nearest whole month using the stralght-line method. Depreclation Is based on a 14-year life, after which it wll be demolished and replaced with a new one. 2The equipment was purchased on November 3, 2017, and is depreciated to the nearest whole month us- Ing the double-declining-balance method. The total estimated useful life is 10 years with a residual value of $200,000.