Book Value of Fixed Assets In a recent balance sheet, Macrohard, Inc. reported Property, Plant, and Equipment of $97,300 million and Accumulated Depreciation of $54,500 million. a. What was the book value of the fixed assets? million b. Would the book value of Macrohard's fixed assets normally approximate their fair market values? Adjustment for Depreciation The estimated amount of depreciation on equipment for the current year is $2,590. Journalize the adjusting entry to record the depreciation. If an amount box does not require an entry, leave it blank. Accounts Payable Accumulated Depreciation Equipment Depreciation Expense Depreciation Payable Equipment Expense Equipment Equipment Payable