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 $775,000 worth of assets after t years, that depreciate at 15% per year, is given by the formula v(t) = v0(b)t. what is the value of vo and b, and when rounded to the nearest cent, what are the assets valued at after 6 years?

vo = $775,000, b = 0.85, and the value after 6 years is $289,324.17
vo = $775,000, b = 0.15, and the value after 6 years is $8.82
vo = $775,000, b = 1.15, and the value after 6 years is $697,500.00
vo = $775,000, b = 0.85, and the value after 6 years is $292,290.87