Exercise 8-14A (Algo) Computing depreciation for tax purposes LO 8-6 Crosstoads Eye Care Company purchased \$122,900 of equipment on March 1, Year 1 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 classiffed as a five-year property