Observe that if approaches positive/negative infinity, then either or approaches positive/negative infinity, as , for some . In other words, if is a vertical asymptote of , then is a vertical asymptote of or of .
Recall that the exponential function can never be zero, so is finite for any . On the other hand, the rational function is not defined at , which makes a candidate for a vertical asymptote of and hence of .
In fact,
So
is the only vertical asymptote.
For horizontal asymptotes, since is only defined for , we find that
So the only horizontal asymptote is
.
Answer: the vertical asymptote is and the horizontal asymptote is .