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Crossroads Eye Care Company purchased $129,500 of equipment on March 1, 2016. 14.29 5-Year 7-Year...

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Accounting

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Crossroads Eye Care Company purchased $129,500 of equipment on March 1, 2016. 14.29 5-Year 7-Year Year Property, % Property, % 20.00 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 2016 and 2017, assuming that the equipment is classified as seven-year property. (Round your answers to the nearest whole dollar amount.) Depreciation Expense 2016 2017

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