Crossroads Eye Care Company purchased $60,000 of equipment on March 1, 2016.

Year	5-Year Property, %			7-Year Property, %
1		20.00			14.29
2		32.00			24.49
3		19.20			17.49
4		11.52			12.49
5		11.52			8.93
6		5.76			8.92
7					8.93
8					4.46

Required

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.

value: 10.00 points Crossroads Eye Care Company purchased $60,000 of equipment on March 1, 2016. 5-Year 7-Year Year 2 4 6 Property, % Property, % 20.00 32.00 19.20 11.52 11.52 5.76 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 7 Required 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 Depreciation Expense 2016 10,000 2017 18,000 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 Depreciation Expense 2016 2017