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Harris Fuels purchased a new tank for $265,000. It is expected to last for 5 years and have a salvage value of $25,000. Using the

Harris Fuels purchased a new tank for $265,000. It is expected to last for 5 years and have a salvage value of $25,000. Using the sum-of-the-years' digits method, prepare a depreciation schedule for Harris Fuels. Use the format below to answer this question. Calculate the book value for the end of each year. (Round to nearest dollar; Express your answer as $XXX,XXX; $XXX,XXX; $XX,XXX; $XX,XXX; $XX,XXX.) End of Total Depreciation Annual Accumulated Book Year Depreciation Rate Fraction Depreciation Depreciation Value New 1 2 3 45

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