Exercise 6-10 (Static) Basket purchase allocation LO 6-1 Crow Company purchased some of the machinery of Hare Incorporated, a bankrupt competitor, at a liquidation sale for a total cost of $136,200. Crow's cost of moving and installing the machinery totaled $12,300. The following data are available: Item Punch press Lathe Welder Hare's Net Book Value List Price of Same on the Date of Sale Item If New $ 131,000 67,000 42,000 $ 85,400 58,200 26,400 Required A Required B 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. Punch press Lathe Welder Total Appraiser's Estimate of Fair Value $ 108,000 45,000 27,000 Calculate the amount that should be recorded by Crow Company as the cost of each piece of equipment. Purchase Price Allocation

Exercise 6-10 (Static) Basket purchase allocation LO 6-1 Crow Company purchased some of the machinery of Hare Incorporated, a bankrupt competitor, at a liquidation sale for a total cost of $136,200. Crow's cost of moving and installing the machinery totaled $12,300. The following data are avallable: 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. Exercise 6-10 (Static) Basket purchase allocation LO 6-1 Crow Company purchased some of the machinery of Hare Incorporated, a bankrupt competitor, at a liquidation sale for a total cost of $136,200. Crow's cost of moving and installing the machinery totaled $12,300. The following data are available: Required: a. Calculate the amount that should be recorded by Crow Company as the cost of each plece of equipment. b. Which of the following alternatives should be used as the deprechable life for Crow Company's depreciation calculation? Complete this question by entering your answers in the tabs below. Which of the following alternatives should be used as the depreciable life for Crow Company's depreciation calculation