Question: The salvage value ( S ) ( in dollars ) of a company limousine after ( t ) years is estimated

The salvage value \( S \)(in dollars) of a company limousine after \( t \) years is estimated to be given by the formula \( S(t)=700,000(0.9)^{t}\). What is the rate of depreciation (in dollars per year) after 1 year? After 10 years? After 15 years?
What is the rate of depreciation (in dollars per year) after 1 year?
(Do not round until the final answer. Then round to the nearest hundredth as needed.)
The salvage value \ ( S \ ) ( in dollars ) of a

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