Question: 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 .

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: $1.3 million, salvage value: $300,000 and useful life of 5 years). What would be the book value at the end of the 5th year?

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