Read the financial parameters out of a linear recurrence relation
Below is a recurrence relation for a piece of trade equipment, which depreciates at a flat rate each year
\[V_0 = \$2{,}348\]
\[V_{n+1} = V_n - \$305.24\]
Here \(V_n\) is the value of the equipment, in dollars, after \(n\) years