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

want answer ASAP

want answer ASAP Problem 9-7A Calculating depreciation LO2 Use the following table:

Problem 9-7A Calculating depreciation LO2 Use the following table: Big Sky Farms Partial Balance Sheet April 30, 2020 Property, plant and equipment: Land $ 670,090 Building $765, 090 Less: Accumulated depreciation 561, 000 204, 000 Equipment 2 510, 000 Less: Accumulated depreciation 216, 240 293, 760 Total property, plant and equipment $1, 167, 760 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. "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

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