On January 1, 2019, a company purchased a $40,000 vehicle to chauffeur clients to prospective homes. They plan on driving the vehicle for five years or 100,000 kilometres. Expected residual value is $10,000. The book value of the vehicle at the end of 2019, after recording amortization for the year using the straight-line method, is: $40,000 $38,000. $10,000. $34.000