You are comparing the depreciation expenses of two major automotive companies, Ford Motor Company and Toyota Motor
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Question:
You are comparing the depreciation expenses of two major automotive companies, Ford Motor Company and Toyota Motor Corporation, for the fiscal year 2023.
Requirements:
- Ford reported depreciation expenses of $4 billion for the fiscal year 2023. Toyota reported depreciation expenses of $3.5 billion during the same period.
- Calculate the difference in depreciation expenses between Ford and Toyota.
- Analyze and discuss the impact of depreciation expenses on the profitability and asset management strategies of both companies.
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