Determining fixed asset's book value The balance in the equipment account is $3,150,000, and the balance in the accumulated depreciation-equipment account is $2,075,000. 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 $2,075,000? because depreciation is an allocation of the 4 of the equipment to the periods benefiting from its use.

The balance in the equipment account is $3,150,000, and the balance in the accumulatid depreciation-equipment account is $2,075,000. 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 32,075,000 ? , because depreciation is an allocation of the of the equipment to the periods benefiting from its use