Question: OBJ. 2 EX 3-19 Determining fixed asset's book value The balance in the equipment account is $28,650,000, and the balance in the accumulated depreciation-equipment account

OBJ. 2 EX 3-19 Determining fixed asset's book value The balance in the equipment account is $28,650,000, and the balance in the accumulated depreciation-equipment account is $16,430,000. 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 $16,430,000? Explain

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