Crossroads Eye Care Company purchased $114,800 of equipment on March 1, 2016 5-Year Property% 20.00 32.00 19.20 11.52 11.52 5.76 7-Year Property,% 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 Year 1 2 4 5 7 8 a. Compute the amount of depreciation expense that is deductible under MACRS for 2016 and 2017, assuming that the equipment is classified as seven-year property. (Round your answers to the nearest whole dollar amount.) Depreciation Expense 2016 2017 b. Compute the amount of depreciation expense that is deductible under MACRS for 2016 and 2017, assuming that the equipment is classified as five-year property. (Round your answers to the nearest whole dollar amount.) Depreciation Expense 2016 2017