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The following information pertains to the Parent company and its subsidiary's depreciable assets at the...

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The following information pertains to the Parent company and its subsidiary's depreciable assets at the end of the year. Parent Company Subsidiary Company Depreciable Assets at Cost $800,000 $220,000 Accumulated depreciation 325,000 62,000 Carrying value $475,000 $158,000 Market fair value $505,000 $165,000 At what amount should the depreciable assets be reported on the consolidated balance sheet ? $640,000 $633,000 $670,000 $505,000

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