Allison said:
I am not sure as to what time the muon's clock and the Earth's clock would be showing when the muon and the Earth's surface meet (supposing we could attach clocks to the two objects), since each object observes the other's clock slowed down from its own frame of reference.
Note that with just one clock at rest relative to Earth and one clock at rest relative to the muon, you can't determine anything about how the clocks are ticking relative to each other. This is because the two clocks move relative to each other and will therefore be in the same place only once. You need another event so you can measure the time that elapses between the two events. You therefore need a third clock (as I discuss in the example below).
When that third clock is also at rest relative to Earth, it's that pair of Earth clocks that run slow relative to the single muon clock.
But when that third clock is instead at rest relative to the muon, it's that pair of muon clocks that run slow relative to the single Earth clock.
I agree that the situation is tricky and the questions you're asking are often avoided by authors introducing relativity to the reader in an effort to make the presentation less confusing.
So let's look at that example. In this first example there are two Earth clocks and one muon clock. Suppose the muon (carrying its clock with it) passes by a clock resting on top of a mountain, and then another resting at the bottom of a valley. The time that elapses on the muon's clock is, let's say, 2.20 μs between these two events. We call that a proper time. The time that elapses on those two earth-based clocks is a dilated time of, let's say, 22.00 μs. But to really understand how this is possible you have to know, at the location of the valley clock, when it is that the muon passes the mountain clock. This is crucial because the muon and the Earth will disagree as to when that happens! So you have to specify which one it is that you're talking about.
So let's first look at the simpler case, from Earth's rest frame. Suppose the two Earth clocks are synchronized in Earth's frame. Thus if all three clocks are set to zero as the muon passes the mountain top, the muon clock will read 2.20 μs and the Earth clocks will read 22.00 μs when the muon is at the bottom of the valley.
If instead you synchronize the clocks in the muon's rest frame, and moreover set all three to read zero when the muon passes the mountain clock, the muon's clock will still read 2.20 μs when it passes the valley clock, but the valley clock will read only 0.22 μs. You can't correctly conclude, though, that only 0.22 μs elapsed between events in Earth's rest frame, because in that frame the mountain clock and the valley clock are not synchronized!
This is what we mean by tricky. And we're only halfway through a more complete exploration of the situation.
To finish, if you want, we can have a second example where we switch things around and have a single Earth clock and two muon clocks. Let's say the one Earth clock is the one at the mountain top. It is now the one measuring the proper time that elapses between two events but, and this is crucial, it's not the same two events as before. To see that imagine a tether following the muon, with a clock at the end of the tether, giving us two muon clocks. The second event will be the passing of the tethered clock by the mountain clock. We would then look at the two cases as we did above, one where the two muon clocks are synchronized in their own rest frame, and one where they are synchronized in Earth's rest frame.
I recommend you attempt to carry out the rest of this exercise.