Crossroads Eye Care Company purchased $119,700 of equipment on March 1, Year 1. 7-Year Property, N Year 5-Year Property, 1 20.00 14.29 2 32.00 24.49 3 19.20 17.49 11.52 12.49 11.52 8.93 5.76 8.92 8.93 4.461 Required 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-year property. 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 property. Complete this question by entering your answers in the tabs below. Required A Required 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 seven-year property. (Round your answers to the nearest whole dollar amount.) Year 11 Year 2 Depreciation Expense