Determining Fixed Asset's Book Value The balance in the equipment account is $4,250,000, and the balance in the accumulated depreciation- equipment account is $2,167,500. a. What is the book value of the equipment? b. Does the balance in the accumulated depreciation account mean that the equipment's loss of value is $2,167,500? ,because depreciation is an allocation of the of the equipment to the periods bense cost loss of value