Paar Corporation bought 100 percent or Kimmel, Inc, on January 1, 2015 On that date, Paar's equipment 10 year life) has a book value or $420,000 but a fair value or 3548,000 Kimmel has equipment (10 year lfe) with a book value or $272000 but a falr value of s400,000 Paar uses the equity method to record its investment In Kimmel On December 31, 2017, Paar has equipment with a book value of $294,000 but a falr value of 9445,200 Kimmel has equipment with a book value of $190,400 but a falr value of $357,000 What is the consolidated balance for the Equipment account as of December 31, 2017 Muluple Choice $48440o $574,000 $802,200 $612,400

Question

Paar Corporation bought 100 percent or Kimmel, Inc, on January 1, 2015  On that date, Paar's equipment 10 year life) has a book value or $420,000 but a fair value or 3548,000  Kimmel has equipment (10 year lfe) with a book value or $272000 but a falr value of s400,000  Paar uses the equity method to record its investment In Kimmel  On December 31, 2017, Paar has equipment with a book value of $294,000 but a falr value of 9445,200  Kimmel has equipment with a book value of $190,400 but a falr value of $357,000  What is the consolidated balance for the Equipment account as of December 31, 2017  Muluple Choice $48440o  $574,000 $802,200  $612,400

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Paar Corporation bought 100 percent or Kimmel, Inc, on January 1, 2015. On that date, Paar's equipment 10-year life) has a book value or $420,000

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