Question: please help me on this problem with the exact calculation. 1 10 points Use the following table: Big Sky Farms Partial Balance Sheet April 30,

1 10 points Use the following table: Big Sky Farms Partial Balance Sheet April 30, 2020 Property, plant and equipment: Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Total property, plant and equipent $ 680,000 208,000 $780,000 572,000 520,000 220,480 eBook 299,520 $1,187,520 Print References 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. 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 $200,000. 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 2 Record the depreciation for equipment, for the year ended April 30, 2021. Note: Enter debits before credits Note: Enter debits before credits 1 Debit Credit Date General Journal Apr 30, 2021 Depreciation expense, equipment Accumulated depreciation, equipment hits eBook Record entry Clear entry View general Journal Print References 2. Prepare the property, plant, and equipment section of the balance sheet at April 30, 2021. (Enter all amounts as positive values.) BIG SKY FARMS Partial Balance Sheet April 30, 2021 Property, plant and equipment: Land Building 0 Equipment 0 $ 0 Total property, plant and equipment
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