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15 May, 08:49

A business's assets are valued at $600,000, and the value depreciates 20% per year. Using the formula V (t) = V0 (b) t, what is V0, what is (b), and what is the value of the assets after 5 (t) years? Show your work.

t = 5

V0 =

(b) =

Value after 5 years:

+1
Answers (1)
  1. 15 May, 09:16
    0
    The formula is

    V (t) = V0 (b) ^t

    V (t) the value of the assets after 5 (t) years?

    V0 current value of assets 600000

    B=1-0.20=0.8

    T 5 years

    So the value of assets after 5 years is

    V (5) = 600,000*0.8^ (5) = 196,608
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