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Crossroads Eye Care Company purchased $ 1 1 3 , 7 0 0 of equipment on March 1 , Year 1 . a . Compute

Crossroads Eye Care Company purchased $113,700 of equipment on March 1, Year 1.a. Compute the amount of depreciation expense that is deductible under MACRS for Year 1 and Year 2, assuming that the equipment is classified as a seven-vedcorosciv.b. Compute the amount of depreciation expense that is deductible under MACRS for Year 1 and Year 2, assuming that the equipment is classified as a five-year propertv.
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