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Lowell Co. acquired 100% of Boston, Inc. on January 1, 2017. On that date, Boston had land with a book value of $42,000 and a fair value of $52,000. Also, on the date of acquisition, Boston had a building with a book value of $200,000 and a fair value of $390,000. Boston had equipment with a book value of $350,000 and a fair value of $280,000. Both companies use the same depreciation policy, that the building had a 10-year remaining useful life and the equipment had a 5-year remaining useful life. On December 31, 2020, the two companies have the following assets: Lowell Boston BV Land 50,000 60,000 32,000 55,000 Building 300,000 500,000 120,000 334,000 Equipment 600,000 390,000 70,000 66,000 What is the consolidated balance of building on December 31, 2020, when Lowell prepares for the consolidated financial statement? FV BV FV Multiple Choice $690.000 $344.000. $534.000. $734,000. $634.000