Question: Problem 9-7A Calculating depreciation LO2 Use the following table: Big Sky Farms Partial Balance Sheet April 30, 2020 Property, plant and equipment: Land $ 210,000

Farms Partial Balance Sheet April 30, 2020 Property, plant and equipment: Land

$ 210,000 153,000 Building Less: Accumulated depreciation Equipment? Less: Accumulated depreciation Total

Problem 9-7A Calculating depreciation LO2 Use the following table: Big Sky Farms Partial Balance Sheet April 30, 2020 Property, plant and equipment: Land $ 210,000 153,000 Building Less: Accumulated depreciation Equipment? Less: Accumulated depreciation Total property, plant and equipment $714.000 561,000 650,000 275,600 374,400 $1,237,400 The building was purchased on May 3, 2009, and is deprecated 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 reployd with a new one, Our A Helo Save & Ext Subm me tulang was purchased on May 3, 2009, and is deprecated to the nearest whole month using the straight-line method Depreciation is based on a W-year life, after which it will be demolished and replaced with a new one 2 the equipmont was purchased on November 3, 2017 and is depreciated to the nearest whole month uning the double declining balance method. The total estimated usetul life is 10 years with a residual value of $200,000 Required: 1. Caliculate and record depreciation for the year just ended April 30 2021, for both the buiding and equipment View transaction for Journal entry worksheet 1 2 > O RI e 200 A Pro 6400 14 15 R 09 18 19 0 10 mn 422 . & 7 5 6 8 9 0 S 2 Prepare the property, plant, and equipment section of the balance sheet at April 30, 2021 (Enter all amounts as positive values.) BIO SKY FARMS Partial Balance Sheet April 30, 2021 Property, plant and equipment Land Building Equipment Total property, plant and equipment

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