Check my work Exercise 6-10 (Algo) 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 $16,000. Crow's cost of moving and installing the machinery totaled $1,700. The following data are available: Item Punch press Lathe Welder Required: Hare's Net Book Value on the Date of Sale $ 10,540 8,430 2,610 Appraiser's Estimate List Price of Same Item If New $ 18,000 9,000 5,000 of Fair Value $ 16,000 7,000 3,060 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. 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