#### Answer

- Horizontal asymptote: $y=0$.
- Vertical asymptote: $x=-2$
As $x\to\pm$, the dominant term is $0$.
As $x\to-2$, the dominant term is $1/(2x+4)$.

#### Work Step by Step

$$y=\frac{1}{2x+4}$$
We are interested in the behavior of function $y$ as $x\to\pm\infty$ as well as the behavior of $y$ as $x\to-2$, which is where the denominator is $0$.
We can rewrite the function into a polynomial with a remainder as follows: $$y=\frac{1}{2x+4}=0+\frac{1}{2x+4}$$
- As $x\to\pm\infty$, $(2x+4)$ would get infinitely large and $1/(2x+4)$ gets closer to $0$, meaning that the curve will approach the line $y=0$, which is also the horizontal asymptote.
One more thing, because $1/(2x+4)$ becomes closer to $0$, we can say the dominant term is $0$ as $x\to\pm\infty$.
- As $x\to-2$, $(2x+4)$ would approach $0$, meaning that the curve will approach $\infty$. So $x=-2$ is the vertical asymptote.
And as $x\to-2$, $1/(2x+4)$ becomes infinitely large. So the dominant term as $x\to-2$ is $1/(2x+4)$.
The graph is shown below. The red curve is the graph of $y=1/(2x+4)$, while the blue line is the horizontal asymptote $y=0$ and the green one is the vertical asymptote $x=-2$.