Using the Partial Equity Method for the below problem. Parent bought 100% of Subsidiary on 1/1/15. On that date, Parent's equipment with a 10 year remaining life has a book value of $420,000 but a fair value of $520,000. Subsidiary has equipment with a 10year remaining life with a book value of $272,000 but a fair value of $400,000. On 12/31/17, Parent has equipment with a book value of $294,000 but a fair value of $445,200. Subsidiary has equipment with a book value of $190,400 but a fair value of $357,000. What is the consolidated balance for the equipment account on 12/31/17. Is it $612,400? You don't do amortization for Partial Equity Method