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 $335,000 but a fair value of $468,000. Kimmel has equipment (10-year remaining life) with a book value of $258,000 but a fair value of $391,000. Paar uses the equity method to record its investment in Kimmel. On December 31, 2020, Paar has equipment with a book value of $234,500 but a fair value of $390,000. Kimmel has equipment with a book value of $180,600 but a fair value of $348,100. What is the consolidated balance for the Equipment account as of December 31, 2020?

Multiple Choice

• $738,100.

• $548,100.

• $415,100.

• $508,200.