Determining fixed asset's book value The balance in the equipment account is $3,800,000, and the balance in the accumulated depreciation-equipment account is $2,052,000. a. What is the book value of the equipment? b. Does the balance in the accumulated depreciation account mean that the equipment's los5 of value is $2,052,000 ? , because depreciation is an allocation of the of the equipment to the periods benefiting from its use. Determining fixed asset's book value The balance in the equipment account is $3,800,000, and the balance in the accumulated depreciation-equipment account is $2,052,000. a. What is the book value of the equipment? b. Does the balance in the accumulated depreciation account mean that the equipment's los5 of value is $2,052,000 ? , because depreciation is an allocation of the of the equipment to the periods benefiting from its use