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Tesla, Inc. Requirement: Total assets of Tesla, Inc. for 2023: $150 billion. Valuation of property, plant, and equipment based on historical cost. Historical cost reflects
Tesla, Inc. Requirement:
- Total assets of Tesla, Inc. for 2023: $150 billion.
- Valuation of property, plant, and equipment based on historical cost.
- Historical cost reflects original purchase price and associated costs.
- Discuss the significance of historical cost in determining asset values.
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