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 $462,500 but a fair value of $618,500. Kimmel has equipment (10-year remaining life) with a book value of $295,000 but a fair value of $451,000. Paar uses the equity method to record its investment in Kimmel. On December 31, 2020, Paar has equipment with a book value of $323,750 but a fair value of $502,450. Kimmel has equipment with a book value of $206,500 but a fair value of $404,200. What is the consolidated balance for the Equipment account as of December 31, 2020?