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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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