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 $1.400 TL following data are available: Itern Punch press Hare's Net Book Value on the Date of Sale $ 10,600 8,110 2.730 List Price of Same item If New $ 18,000 9,000 5,000 Appraiser's Estimate of Fair Value $ 14,000 6,000 3,080 Lathe Welder 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 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 useful life of the asset to Crow Co The life of a new machine