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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:

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

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