Question: Question / 1 pts We are using sum-of-year digits method to calculate depreciation. To calculate the sum-of- year digits, you can use one of the

Question / 1 pts We are using sum-of-year digits method to calculate depreciation. To calculate the sum-of- year digits, you can use one of the following formula. 1 + 2 +3 + ... + n, or . Suppose that we have acquired a building (cost: $1 million, salvage value: $200,000, and useful life 5 years). What would be the book value at the end of 5th year? O $100,000 $200,000 $300,000 O $400,000

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