What is the book value of the equipment

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Reference no: EM13165176

Determining fixed asset's book value

The balance in the equipment account is $1,375,000, and the balance in the accumulated depreciation-equipment account is $725,000.

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 $725,000? Explain.

Reference no: EM13165176

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