Question

PLEASE HELPPPPPPP!!!!!!

For accounting purposes, the value of assets (land, buildings, equipment) in a business are depreciated at a set rate per year. The value, V(t) of $408,000 worth of assets after t years, that depreciate at 18% per year, is given by the formula V(t) = Vo(b)t. What is the value of Vo and b, and when rounded to the nearest cent, what are the assets valued at after 8 years?

Answer 1

Vt=408000(1-0.18)^8=??