The balance in the equipment account is $4,550,000, and the balance in the accumulated depreciationequipment account is $2,366,000. 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 $2,366,000? ______, because depreciation is an allocation ______ of the of the equipment to the periods benefiting from its use