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Crossroads Eye Care Company purchased $125,600 of equipment on March 1, Year 1 Year 1 2 3 4 5 5 Year Property, 20.00 32.00 19.20

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Crossroads Eye Care Company purchased $125,600 of equipment on March 1, Year 1 Year 1 2 3 4 5 5 Year Property, 20.00 32.00 19.20 11.52 11.52 5.75 7-Year Property 14.29 24.49 17.49 12.40 8.93 8.92 8.93 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. (Round your answers to the nearest whole dollar amount.) Depreciation Experi Your 1 Year 2 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. (Round your answers to the nearest whole dollar amount.) Depreciation Expense Year 1 Year 2

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