AJ Corp. acquired one hundred percent of Jones Inc. on January 1, 2019, at a price more than the subsidiary's fair value. On that date, AJ's equipment (ten-year remaining life) had a book value of $400,000 but a fair value of $480,000. Jones had equipment (ten-year remaining life) with a book value of $300,000 and a fair value of $350,000. AJ used the partial equity method to record its investment in Jones. On December 31, 2021, AJ's equipment has a fair value of $500,000 and Jones equipment has a fair value of $400,000. What is the consolidated balance for the Equipment account as of December 31, 2021? A. $900.000. B. $525,000. C. $680.000. D. $490.000. E. $935.000.