For this case we have an equation of the form:
Where,
v0: initial value in assets
b: depreciation rate
t: time in years.
Substituting values we have:
For year 8 we have:
Rounding off we have:
V (t) = 83401
Answer:
the value of V0 and b are:
V0 = $ 408,000
b = 0.82
the value of the assets after 8 years is:V (t) = 83401 $
Where,
v0: initial value in assets
b: depreciation rate
t: time in years.
Substituting values we have:
For year 8 we have:
Rounding off we have:
V (t) = 83401
Answer:
the value of V0 and b are:
V0 = $ 408,000
b = 0.82
the value of the assets after 8 years is:V (t) = 83401 $