Business, 24.10.2019 04:00 bicaplinger7766
Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar's equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year 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, 2014, 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, 2014?
a. $612,600.
b. $574,000.
c. $802,200.
d. $484,400.
Answers: 1
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Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar's equipm...
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