Business, 04.10.2019 22:10 MIa2020

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2015. on that date, paar’s equipment (10-year remaining life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year remaining life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2017, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel
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 as of december 31, 2017?
a. $574,000
b. $802,200
c. $612,600
d. $484,400

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Paar corporation bought 100 percent of kimmel, inc., on january 1, 2015. on that date, paar’s equipm...