Exercise 8-14A (Algo) Computing depreciation for tax purposes LO 8-6 Crossroads Eye Care Company purchased $110.000 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 thot the equipment is classified as a five-year property. Complete this question by entering your answers in the tabs below. 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.) Complete this question by entering your answers in the tabs below. 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.)