Tesla Inc. purchased charging stations for $300,000 on February 1st, 2022. The charging stations are...
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Accounting
Tesla Inc. purchased charging stations for $300,000 on February 1st, 2022. The charging stations are expected to last for 5 years with no residual value. Tesla Inc. adopts the straight-line depreciation approach. Compute the depreciation expense for the accounting year concluding on December 31st, 2022, applying the matching principle.
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