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Tesla purchased an auto-piloting system for $10,000,000 on January 1, 2016. It expects to use the system for 5 years, estimates a salvpge value of

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Tesla purchased an auto-piloting system for $10,000,000 on January 1, 2016. It expects to use the system for 5 years, estimates a salvpge value of $500,000, and uses the straight-line depreciation method. At the end of 2016 (after the system has been in use for 1 years), a state-of-art new auto-piloting system becomes available. With the arrival of the new auto- piloting system, Tesla plans to use its existing auto-piloting system only through the end of 2018 and the salvage value declines to $100,000 at the end of 2018. How much is the depreciation expense on the existing auto-piloting system for the period from January 1, 2018 to December 31, 2018? Excerpt from the Company's 2017 Q2 financial statements footnote are below: The following table provides a summary of the Company's Notes and the fair values based on quoted market prices in less active markets as of June 30, 2017: Effective Rate Inc Date Fair value om Jan 30, 2017 Principal Amount (in milliona) 3.635 Senior Notes (Footte 1) $ 1,484.7 43758 Senior Notes 1,000.0 5.50% Senior Notes 700.0 5.875% Senior Notes 8000 $ May 31, 2017 Octobs, 2016 February 16, 2015 February 2, 2015 4.50% 5.2296 6.00% 1,513 1,004 762 888 Footnote 1: the total proceeds from the bond issuance on May 31, 2017 were $1.420.5 million Were the '5.50% Senior Notes' issued on February 2015 at par, a premium, or a discount? O A) Par O B) Discount OC) Premium D) Do not know Excerpt from the Company's 2017 Q2 financial statements footnote are below: The following table provides a summary of the Company's Notes and the fair values based on quoted market prices in less active markets as of June 30, 2017: Effective Rate Lunce Date Principal Amount (in millions) 3.625% Senior Notes (Footnote I) $ 1,484.7 4.375% Senior Notes 1,000.0 5.50% Senior Notes 700.0 5.875% Senior Notes 800.0 May 31, 2017 October 8, 2016 February 16, 2015 February 2, 2015 Fair value on June 30, 2017 1,513 1,004 762 888 4.50% 5.22% 6.00% The company uses fair value method to report long-term notes on the balance sheet. What is the aggregate value that the company reports as 'long-term notes, net' on its June 30, 2017 balance sheet? All the numbers on financial statements is in millions. Please follow the same denomination as stated in the notes to financial statement. In this case, all numbers are in millions, do NOT write out the last six zeroes in the final

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