Crossroads Eye Care Company purchased $60,000 of equipment on March 1, Year 1. Year 1 2 3 4 5 6 7 8 5-Year 7-Year Property Property, 20.00 14.29 32.00 24.49 19.20 17.49 11.52 12.49 11.52 8.93 5.76 8.92 8.93 4.46 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. Depreciation Expense Year 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 Depreciation Expanse Year 1 Year 2