On January 1, 2016, the City Taxi Company purchased a new taxi cab for $84,000. The cab has an expected salvage value of $34,000. The company estimates that the cab will be driven 200,000 miles over its life. It uses the units of production method to determine depreciation expense. The cab was driven 66,000 miles the first year and 96,000 the second year. What would be the depreciation expense reported on the 2017 income statement and the book value of the taxi at the end of 2017? (Do not round intermediate calculations.)

A $24,000/$43,500.

B $24,000/$9,500.

C $40,320/$15,960.

D$40,320/$-18,040.