Question - Brenda's Bar and Grill has total assets of $25.0 million, of which $19.0 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Brenda's gross plant and equipment has a book value of $19.5 million and other long-term assets have a book value of $600,000.
What is the balance of depreciation on Brenda's Bar and Grill's balance sheet?