please answer the follow questions based on the information given. please provide the correct answers and explanation for each step

Problem 9-7A Calculating depreciation LO2 Use the following table: 'The building was purchased on May 3, 2012, and is depreciated to the nearest whole month using the straight-line method. Depreciation is based on a 14-year life, after which it will be demolished and replaced with a new one. 2 The equipment was purchased on November 3,2020, and is depreciated to the nearest whole month using the double-decliningbalance method. The total estimati id 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, 2024, for both the building and equipment. Required: 1. Calculate and record depreciation for the year just ended April 30, 2024, for both the building and equipment. Journal entry worksheet Record the depreciation for the building, for the year ended April 30, 2024. Notet Enter debits before credits. 2. Prepare the property, plant, and equipment section of the balance sheet at April 30, 2024. (Enter all amounts as positive values.) Journal entry worksheet Record the depreciation for equipment, for the year ended April 30, 2024. Note: Enter debits before credits. 2. Prepare the property, plant, and equipment section of the balance sheet at April 30,2024 . (Enter all amounts as positive values.)