Bryce Bell

Mathematics

1 December, 03:10

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 $384,000 worth of assets after t years, that depreciate at 16% 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 7 years?