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

$\backslash$table$[[,$Hare's Net Book Value,List Price of Same,Appraiser's Estimate$],[$Item$,$on the Date of Sale,Item If New,of Fair Value$],[$Punch press,$$10,240,$$$17,000,15,000],[$Lathe$,8,730,9,000,7,000],[$Welder$,2,450,5,000,3,040]]$

Required:

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

b$.$ 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.

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

Note: Do not round intermediate calculations.

$\backslash$table$[[,\backslash$table$[[$Purchase Price$],[$Allocation$]]],[$Punch press,$],[$Lathe$,],[$Welder$,],[$Total$,$$