Question

In: Accounting

Obtain Tesla's most recent annual report or Form 10-K. The Form 10-K can be obtained from (A) from the investor relations section of the company's Web site or (B) by using the company search feature of the SEC's EDGAR database.


Tesla is the company.

Obtain Tesla's most recent annual report or Form 10-K. The Form 10-K can be obtained from (A) from the investor relations section of the company's Web site or (B) by using the company search feature of the SEC's EDGAR database.

Based on the information in the company's most recent annual report, answer the following questions:

What depreciation methods does the company use to compute depreciation expense?

How much depreciation expense does the company report on the income statement?

What is the initial cost of the company's fixed assets?

What is the book value of the company's fixed assets?

What types of intangible assets, if any, does the company report on its Balance Sheet?

Please make sure to use complete sentences when answering all of the above questions. For example, 'The depreciation method used by Tesla is _______________. The total depreciation expense reported on the income statement was ______________________.

Solutions

Expert Solution

Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks!
Tesla's most recent annual report or Form 10-K is for the year ended 31 Dec, 2019.
What depreciation methods does the company use to compute depreciation expense?
Depreciation and amortization is calculated using the straight-line method over the estimated useful lives of the respective assets.
How much depreciation expense does the company report on the income statement?
$ 1.37 billions.
What is the initial cost of the company's fixed assets?
$ 14,130 millions.
What is the book value of the company's fixed assets?
$ 10,396 millions.
What types of intangible assets, if any, does the company report on its Balance Sheet?
Developed technology
Customer relations
Trade names

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