Tesla Inc. purchased delivery vehicles for $800,000 on January 1st, 2020. The vehicles have a...
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Tesla Inc. purchased delivery vehicles for $800,000 on January 1st, 2020. The vehicles have a useful life of 5 years with no salvage value. Tesla Inc. can choose between straight-line and double-declining balance depreciation methods. If they choose the double-declining balance method, what would be the depreciation expense for the year ending December 31st, 2020, applying the matching principle?
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