Determining Fixed Asset's Book Value The balance in the equipment account is $4,900,000, and the balance in the accumulated depreciation-equipment account is $2,646,000. 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 $2,646,000? ,because depreciation is an allocation of the | of the equipment to the periods benefiting from its use cost loss of value