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Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2018. On that date. Poat's equipment (10 year remaining e) has a book value
Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2018. On that date. Poat's equipment (10 year remaining e) has a book value of 5420.000 but a fall value of $520,000 Kimmel has equipment (10 year remaining life with a book value of $272.000 but a folt value of $400,000 Puruses the equity method to record its investment in Kimmel. On December 31, 2020. Paat has equipment with a book value of $294.000 but a fair value of $445,200 Kimmel has equipment with a book value of $190,400 but a fal value of $357000. What is the consolidated balance for the Equipment account as of December 31, 20207
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