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Tesla, Inc. invested $500,000 in new manufacturing equipment, paying the entire amount upfront. The equipment is expected to have a useful life of 5 years

Tesla, Inc. invested $500,000 in new manufacturing equipment, paying the entire amount

upfront. The equipment is expected to have a useful life of 5 years and a residual value of

$50,000. Calculate the annual depreciation expense for Tesla, Inc. using the straight-line

method.

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