Tesla Inc. invested $1,500,000 in new software systems on October 1st, 2021.The software systems are...
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Accounting
- Tesla Inc. invested $1,500,000 in new software systems on October 1st, 2021.
- The software systems are projected to last for 6 years without any salvage value.
- Tesla Inc. utilizes the straight-line depreciation technique.
- Determine the depreciation expense for the financial year ending December 31st, 2021, in accordance with the matching principle.
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