$1$

$5$ points

On January $2,$ Landra, an Oober driver, purchased a used car that she uses only for Oober rides. She paid $$24,000$ for the car and estimates that she will be able to drive it $96,000$ miles at which time it will be worthless. At the end of the first year, Landra had driven the car $36,000$ miles. Based solely on this information, at what cost will the car be reported on her balance sheet? $($Do not use $ sign$)$

$2$

$5$ points

On January $2,$ Landra, an Oober driver, purchased a used car that she uses only for Oober rides. She paid $$24,000$ for the car and estimates that she will be able to drive it $96,000$ miles at which time it will be worthless. At the end of the first year, Landra had driven the car $36,000$ miles. Based solely on this information, how much expense should she deduct for year $1?($Do not use $ sign$)$