Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2015. On that date, Paars equipment (10-year life) has a book value of $445,000 but a fair value of $631,000. Kimmel has equipment (10-year life) with a book value of $282,000 but a fair value of $468,000. Paar uses the equity method to record its investment in Kimmel. On December 31, 2017, Paar has equipment with a book value of $311,500 but a fair value of $531,200. Kimmel has equipment with a book value of $197,400 but a fair value of $431,600. What is the consolidated balance for the Equipment account as of December 31, 2017?

Multiple Choice

• $639,100.

• $962,800.

• $508,900.

• Multiple Choice

• $639,100.

• $962,800.

• $508,900.

• Multiple Choice

• $639,100.

• $962,800.

• $508,900.

• $694,900.