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Tesla Inc. invested $750,000 in battery manufacturing equipment on March 1st, 2024. The equipment is projected to be utilized for 10 years without any salvage

  • Tesla Inc. invested $750,000 in battery manufacturing equipment on March 1st, 2024.
  • The equipment is projected to be utilized for 10 years without any salvage value.
  • Tesla Inc. employs the straight-line depreciation method.
  • Determine the depreciation expense for the financial year ending December 31st, 2024, following the matching principle.

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