Problem 9-7A Calculating depreciation LO2 Use the following table $ 660.000 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 equipment 200,000 $750,000 550,000 500,000 212,000 288.000 31,148,000 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 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 1 2 > Record the depreciation for the building, for the year ended April 30, 2021. Note: Enter debits before credits Date General Journal Debit Credit Apr 30, 2021 View transaction list Journal entry worksheet