When doing the consolidation, what I should do to calculate the FV of the net assets when the market value is less than the book value?

For example, On January 1, 20X7, Conway had $253,000 of $9 par value common stock outstanding and retained earnings of $153,000, and the fair value of the noncontrolling interest was $187,000. Conway held land with a book value of $28,500 and a market value of $36,000 and equipment with a book value of $322,000 and a market value of $362,000 at the date of combination.

When calculating the FV of the net assets, I use the 406000+7500+40000. What if the equipment has a book value of 322000 but has a market value 310000? Then how can I calculate the FV of the net assets?