Determining fixed asset's book value The balance in the equipment account is $4,400,000, and the balance in the accumulated depreciation-equipment account is $2,332,000. 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 $2,332,000? , because depreciation is an allocation of the of the equipment to the periods benefiting from its use.