2 Crow Co purchased some of the machinery of Hare Inc. a bankrupt competitor, at a liquidation sale for a total cost of $16.000 Crow's cost of moving and installing the machinery totaled $1,900. The following data are available: 7xow Hare's Ret Book value on the Date wf Sale Punch press Lathe $ 10,400 Welder 2,230 List Price of Some Item 1f New $ 18,000 8,000 5,000 Appraisens Estimate of Fake Value $ 15,000 6,000 1 3,070 Required: a. Calculate the amount that should be recorded by Crow Co. as the cost of each piece of equipment. (Do not round intermediate calculations.) Punch press Purchase Price Allocation Lathe Welder Total $ 0 Which of the following alternatives should be used as the depreciable life for Crow Co.'s depreciation calculation? < Prev 42 of 45 Next >