Question

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 $393,000 worth of assets after t years, that depreciate at 15% 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?

Answer 1

A. V0=$393,000 , b=0.15 and the value after 7 years is $0.67
B. V0=$393,000 , b=1.15 and the value after 7 years is $108,543.57
C. V0=$393,000 , b=0.85 and the value after 7 years is $47,721.43
D. V0=$393,000 ,b=0.85 and the value after 7 years is $125,986.80

Answer 2

@Preetha could you please help me

Answer 3

@ganeshie8 i really need help, please help me ?