Crow Company purchased some of the machinery of Hare Incorporated, a bankrupt competitor, at a liquidation sale for a total cost of $15,000. Crows cost of moving and installing the machinery totaled $2,800. The following data are available:

Item	Hares Net Book Value on the Date of Sale	List Price of Same Item If New	Appraisers Estimate of Fair Value
Punch press	$ 10,270	$ 17,000	$ 15,000
Lathe	8,780	9,000	5,000
Welder	2,720	5,000	3,040

Required:

Calculate the amount that should be recorded by Crow Company as the cost of each piece of equipment.

Which of the following alternatives should be used as the depreciable life for Crow Company's depreciation calculation?

Complete this question by entering your answers in the tabs below.

Required A

Required B

Calculate the amount that should be recorded by Crow Company as the cost of each piece of equipment.

Note: Do not round intermediate calculations.

	Purchase Price Allocation
Punch press
Lathe
Welder
Total	$0

Complete this question by entering your answers in the tabs below.

Required A

Required B

Which of the following alternatives should be used as the depreciable life for Crow Company's depreciation calculation?