EX 9-4 Nature of depreciation Obj. 2 Tri-City Ironworks Co. reported $65,500,000 for equipment and $33,415,000 for accumulated depreciation-equipment on its balance sheet. Does this mean (a) that the replacement cost of the equipment is $65,500,000 and (b) that $33,415,000 is set aside in a special fund for the replacement of the equipment? Explain