Team Activity

In teams, select a public company $($Tesla$)$ that interests you. Obtain the company's most recent annual

report on Form $10-$K$.$ The Form $10-$K is a company's annually required filing with the Securities

and Exchange Commission $($SEC$).$ It includes the company's financial statements and

accompanying notes. The Form $10-K$ can be obtained either $(A)$ from the investor relations

section of the company's Web site or $($B$)$ by using the company search feature of the SEC's

EDGAR database service found at

www$.$sec$.$gov$/$edgar$/$searchedgar$/$companysearch$.$html$.$

Based on the information in the company's $($Tesla is my chosen company $)$ most recent annual report, answer the following

questions:

A$.$ What depreciation methods does the company use to compute depreciation expense?

B$.$ How much depreciation expense does the company report on its income statement?

C$.$ What is the initial cost of the company's fixed assets?

D$.$ What is the book value of the company's fixed assets?

E$.$ What types of intangible assets, if any, does the company report on its balance sheet?

Does the book value of the company's fixed assets reflect their current market value? Explain

your answer.