Crow co. purchased some of the machinery of hare, inc., a bankrupt competitor, at a liquidation sale for a total cost of $17,000. crow’s cost of moving and installing the machinery totaled $2,300. the following data are available: item hare’s net book value on the date of sale list price of same item if new appraiser’s estimate of fair value punch press $ 10,710 $ 19,000 $ 16,000 lathe 8,450 9,000 5,000 welder 2,560 4,000 3,050 required: a. calculate the amount that should be recorded by crow co. as the cost of each piece of equipment. b. which of the following alternatives should be used as the depreciable life for crow co.’s depreciation calculation? the remaining useful life of the asset to crow co. the life of a new machine. the remaining useful life to hare, inc.