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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
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 |
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.
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.
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