Problem:
Brenda's Bar and Grill has total assets of 23.0 million, of which 17.0 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 18.5 million and another longterm assets have a book value of 400,000
Problem:
Question: What is the balance inventory and the balance of depreciation on Brenda's Bar and Grill's balance sheet?
Note: Please provide reasons to support your answer.