How should a vehicle that was bought new and that is expected to be used for 5 years be amortized? The vehicle should be amortized at 20% per year. The vehicle should be amortized at 50% in the first year, then at 10% per year through Year 2 to Year 5 The vehicle should be appraised each year, and the amortization should be based on loss in value The vehicle should not be amortized, as it is being used in the business to earn money None of the above