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	FV	BV	FV
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?