Paar Corporation bought 100 percent of Kimmel, Incorporated, on January 1, 2021. On that date, Paar's equipment (10-year remaining life) has a book value of $430,000 but a fair value of $587,000. Kimmel has equipment (10-year remaining life) with a book value of $249,000 but a fair value of $402,000. Paar uses the equity method to record its investment in Kimmel. On December 31,2023 , Paar has equipment with a book value of $301,000 but a fair value of $482,500. Kimmel has equipment with a book value of $174,300 but a fair value of $368,000 What is the consolidated balance for the Equipment account as of December 31, 2023? $628,300 $475,300 $850,500 $582,400