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
.