1. The 2018 financial statements of TESLA include the following footnote: 5/31/2018 5/31/2019 Land and improvements...

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1. The 2018 financial statements of TESLA include the following footnote: 5/31/2018 5/31/2019 Land and improvements 329,000,000 331,000,000 Buildings 2,445,000,000 2,195,000,000 Machinery, equipment and internal use software 4,335,000,000 4,230,000,000 Leasehold improvements 1,563,000,000 1,494,000,000 Construction in progress 797,000,000 641,000,000 Total property, plant and equipment - gross (AT COST) 9,469,000,000 8,891,000,000 Less: accumulated depreciation (4,725,000,000) (4.437,000,000) TOTAL PROPERTY, PLANT and EQUIPMENT - 4,744,000,000 4,454,000,000 net Revenues Depreciation expense $39,117,000,000 $36,397,000,000 $ 705,000,000 747,000,000 12 1. 2. 3. Calculate the property, plant and equipment turnover for 5/31/2019 Estimate the useful life on average for TESLA's depreciable assets at the end of fiscal year 5/31/2019 Estimate the property and equipment's percent-used-up at the end of fiscal year 5/31/2019 1. The 2018 financial statements of TESLA include the following footnote: 5/31/2018 5/31/2019 Land and improvements 329,000,000 331,000,000 Buildings 2,445,000,000 2,195,000,000 Machinery, equipment and internal use software 4,335,000,000 4,230,000,000 Leasehold improvements 1,563,000,000 1,494,000,000 Construction in progress 797,000,000 641,000,000 Total property, plant and equipment - gross (AT COST) 9,469,000,000 8,891,000,000 Less: accumulated depreciation (4,725,000,000) (4.437,000,000) TOTAL PROPERTY, PLANT and EQUIPMENT - 4,744,000,000 4,454,000,000 net Revenues Depreciation expense $39,117,000,000 $36,397,000,000 $ 705,000,000 747,000,000 12 1. 2. 3. Calculate the property, plant and equipment turnover for 5/31/2019 Estimate the useful life on average for TESLA's depreciable assets at the end of fiscal year 5/31/2019 Estimate the property and equipment's percent-used-up at the end of fiscal year 5/31/2019