First of all this is a derivative problem where the derivative is -2t and at t = 4 the velocity is -4.
The limit process to get there works like this:
s(4+h) = 120 - 2(4 + h)2 = 120 -16 -8h - h2
s(4) = 120 -2(4*4) = 120 -16
s(4+h) - s(4) = -8h - h2
[s(4+h) - s(4)]/h = -8 - h
The limit of the left side as h --> 0 is the instantaneous velocity at t=4 and it is the limit of the right side which is -8.