Determining Fixed Asset's Book Value 2. The balance in the equipment account is $4,600,000, and the balance in the accumulated depreciation-equipment account is $2,484,000 What is the book value of the equipment? . 3. b. Does the balance in the accumulated depreciation account mean that the equipment's loss of value is $2,484,000? because depreciation is an allocation of the of the equipment to the periods benefiting from its use. 5. 6. 7 8. LC