Question $3$

The following table summarizes information about some assets of a firm. How much is the total long$-$term assets?

Asset

Expected Life

Balance Sheet Value, in USD

Cash

$-$

$$50,000$

Accounts Receivable

$6$ months

$$100,000$

Accounts Receivable

$13$ months

$$200,000$

Machinery

$18$ months

$$50,000$

Building

$20$ years

$$100,000$

Inventory

$10$ months

$$50,000$

Prepaid Expenses

$3$ months

$$50,000$

Notes Receivable

$15$ months

$$200,000$

Equipment

$24$ months

$$100,000$