Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. The 2018 financial statements of TESLA include the following footnote: Land and improvements Buildings Machinery, equipment and internal use software Leasehold improvements Construction in

image text in transcribed
1. The 2018 financial statements of TESLA include the following footnote: Land and improvements Buildings Machinery, equipment and internal use software Leasehold improvements Construction in progress Total property, plant and equipment - gross (AT COST) Less: accumulated depreciation TOTAL PROPERTY, PLANT and EQUIPMENT - net 5/31/2019 329,000,000 2,445,000,000 4,335,000,000 1,563,000,000 797.000.000 9,469,000,000 (4.725.000.000) 4.744,000,000 5/31/2018 331,000,000 2,195,000,000 4,230,000,000 1,494,000,000 41.000.000 8,891,000,000 (4.437.000.000) 4,454,000,000 $39,117,000,000 $36,397,000,000 Depreciation expense $ 705,000,000 $ 747,000,000 a. Calculate the property, plant and equipment turnover for 5/31/2019 b. Estimate the useful life on average for TESLA's depreciable assets at the end of fiscal year 5/31/2019 C. Estimate the property and equipment's percent-used-up at the end of fiscal year 5/31/2019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud Smart

Authors: K. H. Spencer Pickett

1st Edition

0470682582, 978-0470682586

More Books

Students also viewed these Accounting questions

Question

explain what is meant by experiential learning

Answered: 1 week ago

Question

identify the main ways in which you learn

Answered: 1 week ago