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What is the book value of the equipment

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Reference no: EM131706900

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 the value is $16,430,000? Explain.

Reference no: EM131706900

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