Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2018. On that date, Paars equipment (10-year remaining life) has a book value of $352,500 but a fair value of $507,500. Kimmel has equipment (10-year remaining life) with a book value of $250,000 but a fair value of $408,000. Paar uses the equity method to record its investment in Kimmel. On December 31, 2020, Paar has equipment with a book value of $246,750 but a fair value of $434,950.