The balance in the equipment account is $926,900 and the balance in the accumulated depreciation...
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Accounting
The balance in the equipment account is $926,900 and the balance in the accumulated depreciation equipment account is$324,400. (a) what is the book value of the equipment? (b) does the balance in the accumulated depreciation account mean that the equipment loss of value is $324,400? _______________, because depreciation is an allocation of the ________________ of the equipment to the periods benenfiting from its use.
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