Business, 09.10.2019 04:30, Ericabarnes114

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2015. on that date, paar’s equipment (10-year life) has a book value of $532,500 but a fair value of $644,500. kimmel has equipment (10-year life) with a book value of $273,000 but a fair value of $392,000. paar uses the equity method to record its investment in kimmel. on december 31, 2017, paar has equipment with a book value of $372,750 but a fair value of $517,950. kimmel has equipment with a book value of $191,100 but a fair value of $364,200. what is the consolidated balance for the equipment account as of december 31, 2017?

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