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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

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)=500,000(0.8)t

What is the rate of depreciation (in dollars per year) after 1 year?

What is the rate of depreciation (in dollars per year) after 10 years?

What is the rate of depreciation (in dollars per year) after 15 years?

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