The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions. S(t)=800,000(0.9) What is the rate of depreciation (in dollars per year) after 1 year? $ per year

Algebra and Trigonometry (MindTap Course List)
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Chapter13: Sequences And Series
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Do not round until the final answer. Then round to the nearest cent as​ needed.

The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions.
S(t)=800,000(0.9)
What is the rate of depreciation (in dollars per year) after 1 year?
$
per year
Transcribed Image Text:The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions. S(t)=800,000(0.9) What is the rate of depreciation (in dollars per year) after 1 year? $ per year
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