Crow Co. purchased some of the machinery of Hare Inc., a bankrupt competitor, at a liquidation sale for a total cost of $17,000 Crow's cost of moving and installing the machinery totaled $2,800. The following data are available: Hare's Net Book Value on List Price of Same Appraiser's Estimate of the Date of Sale Item If New Fair Value Punch press 10,300 $ 18,000 $ 16,000 Lathe 8,150 8,000 6,000 Welder 2,160 6,000 3,050 Item 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.) Purchase Price Allocation Punch press Lathe Welder Total Which of the following alternatives should be used as the depreciable life for Crow Co's depreciation calculation? Punch press Lathe Welder Total b. Which of the following alternatives should be used as the depreciable life for Crow Co.'s depreciation calculation? The remaining useful life to Hare Inc. The life of a new machine. The useful life of the asset to Crow Co