Computing and Interpreting Percent Depreciated and PPE Turnover The following footnote is from Note 8 to the 2018 of Tesla, Inc.: Note 8- Property, Plant and Equipment Our property, plant and equipment, net, consisted of the following (in thousands): 2018 2017 Machinery, equipment, vehicles and office furniture $8,227,656 $5,527,224 Tooling Leasehold improvements 1,397,514 1,255,952 960,971 789,751 Land and buildings Computer equipment, hardware and software Construction in progress Less: Accumulated depreciation Total 4,047,006 2,517,247 487,421 395,067 1,049,486 3,304,064 16,170,054 13,789,305 (3,508,827) (2,240,932) $12,661,227 $11,548,373 The summary of significant accounting policies included the following description of Tesla's depreciation policies: Property, plant and equipment, including leasehold improvements, are recognized at cost less accumulated depreciation. Depreciation is generally computed using the straight-line method over the estimated useful lives of the respective assets, as follows: Machinery, equipment, vehicles and office furniture 2 to 12 years Building and building improvements Computer equipment and software 15 to 30 years 3 to 10 years Depreciation for tooling is computed using the units-of-production method whereby capitalized costs are amortized over the total estimated productive life of the respective assets. As of December 31, 2018, the estimated productive life for Model S and Model X tooling was 325,000 vehicles based on our current estimates of production. As of December 31, 2018, the estimated productive life for Model 3 tooling was 1,000,000 vehicles based on our current estimates of production. 1. Tesla's revenue totaled $27,899,648 ($ thousands) in 2018. Compute its PPE turnover for the year. Do not round until your final answer. Round final answer to one decimal place. times 0 2. Compute the percent depreciated ratio for 2018. Round answer to one decimal place (ex: 0.2345 = 23.5%). 0 %