Un Company sold office equipment with a cost of $35,590 and accumulated depreciation of $32,079 for $5,260. Required a. What is the book value of the asset at the time of sale? b. What is the amount of gain or loss on the disposal? c. How would the sale affect net income (increase, decrease, no effect) and by how much? d. How would the sale affect the amount of total assets shown on the balance sheet (increase, decrease, no effect) and by how much? e. How would the event affect the statement of cash flows (inflow, outflow, no effect) and in what section? Crossroads Eye Care Company purchased $124,700 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 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.) Crossroads Eye Care Company purchased $124,700 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 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 five-year property. (Round your answers to the nearest whole dollar amount.)