Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2018. On that date, Paar’s equipment (10-year remaining life) has a book value of $362,500 but a fair value of $499,000. Kimmel has...

Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2018. On that date, Paar’s equipment (10-year remaining life) has a book value of $362,500 but a fair value of $499,000. Kimmel has equipment (10-year remaining life) with a book value of $284,000 but a fair value of $419,000. Paar uses the equity method to record its investment in Kimmel. On December 31, 2020, Paar has equipment with a book value of $253,750 but a fair value of $411,250. Kimmel has equipment with a book value of $198,800 but a fair value of $366,300. What is the consolidated balance for the Equipment account as of December 31, 2020?