Tesla's PP\&E as of the beginnino of 903 ? ic cummarizad hala... Tesla's 2022 transactions with regard to PP\&E are as follow: (Jan 1, 2022) Purchased a bundle of Building and Machinery, for $3,300,000 in cash. The standalone fair values of those assets are $3,000,000 and $600,000, respectively. Details for setting up depreciation schedules for Building and Machinerv are summarized helow: - ivacninerys estimated total production capacity is 300,000 units of cars. During 2022, Tesla produced a total of 15,000 units using the Machinery. During 2023, Tesla produced a total of 10,000 units using the Machinery. (Dec 31, 2022) Sudden changes in the operational and market conditions indicate that the sum of undiscounted future cash flows from GigaFactory is now estimated at $70,000,000. The fair value of the Gigafactory as of the date is $60,000,000. After recognizing depreciation expense for 2021 as scheduled, Tesla wrote-off the GigaFactory. The remaining service life is reduced to 12 years (12 years starting 2023) and the residual value is now $10,000,000. Gigafactory depreciation (double-declining method) based on these new parameters will start from 2023. (1) Set up amortization schedule for each asset using the following template: (Example: Truck) **Make two amortization schedules for GigaFactory, the original one before the write-off and the updated one after the write-off on Dec 31, 2022. (2) Prepare journal entries for 2022-2023. (3) Summarize book values of the fixed assets as of Dec 31, 2022-2023