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Depreciation Calculation - Tesla, Inc. Tesla, Inc. purchased new solar panels for $200,000 on January 1, 2022. The solar panels have an estimated useful life

Depreciation Calculation - Tesla, Inc.

Tesla, Inc. purchased new solar panels for $200,000 on January 1, 2022. The solar panels have an estimated useful life of 8 years and no salvage value. They use the straight-line method for depreciation.

Calculate the annual depreciation expense for the years 2022, 2023, and 2024 for Tesla, Inc.

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