Sandy Corporation bought 100 percent of Miller, Inc., on December 31, 20X1. On that date, Sandy's equipment (10-year remaining life) has a book value of $500,000 but a fair value of $600,000. Miller has equipment (10-year remaining life) with a book value of $300,000 but a fair value of $380,000. What is the consolidated balance for the Equipment account as of December 31, 20X1?

A $800,000

B $900,000

C $980,000

D $880,000