Parrett Corp. acquired one hundred percent of Jones Inc. on January 1, 2021, at a price in excess of the subsidiary's fair value. On that date, Jones had equipment (ten-year life) with a book value of $240,000 and a fair value of $350,000. Parrett used the equity method to record its investment in Jones. On December 31, 2023, before preparing consolidated financial statements, Parrett had equipment with a book value of $250,000 and a fair value of $400,000, while Jones had equipment with a book value of $170,000 and a fair value of $320,000. What is the consolidated balance for the Equipment account as of December 31, 2023?