3 The original investment for an asset was $400,000 and the asset was assumed to have a service life of 9 years with zero salvage value at the end of the service life. It was suggested to estimate the depreciation using sum of years digit then after three years it was suggested to use the double declining method for the remaining life time but after three years the project coordinators decided to use the straight line method for the last four years. Determine the depreciation reserve each year and comment if the cumulative depreciation reserve is suitable to buy another asset with the same price as the original one or not