Determining Fixed Asset's Book Value The balance in the equipment account is $3,950,000, and the balance in the accumulated depreciation-equipment account is $2,133,000. 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 $2,133,000? of the equipment to the periods benefiting from its use. No, because depreciation is an allocation of the cost