Willkom Corporation bought 100 percent of Szabo, Inc., on January 1, 2009, at a price in excess of the subsidiary's fair value. On that date, Willkom's equipment has a book value of $300,000 but a fair value of $400,000. Szabo has equipment with a book value of $200,000 but a fair value of $300,000. Willkom uses the partial equity method to record its investment in Szabo. On December 31, 2011, Willkom has equipment with a book value of $210,000 but a fair value of $330,000.
Szabo has equipment with a book value of $140,000 but a fair value of $270,000. What is the consolidated balance for the Equipment account as of December 31, 2011 (Hoyle 122) Hoyle, Joe Ben. Fundamentals of Advanced Accounting with Dynamic Accounting PowerWeband CPA Success SG Coupon, 3rd Edition. McGraw-Hill Learning Solutions, 2009. .