Urgent!

Question 17: P acquired 100% shares of S on Jan 1, 2018, for $200,000. On that date S reported a common stock of $100,000 and retained earnings of $60,000. All assets have of S have a fair value equal to the book value except for equipment that has a fair value of 40,000 above the books value. This equipment has a remaining useful life of 4 years What is the correct consolidation entry to adjust the value of equipment to its fair value to prepare the consolidated balance sheet prepared on Dec 31, 2018?