Let $K\subseteq \mathbb{R}^{n} \times \{ 0 \}\subseteq \mathbb{R}^{n+1} $ and $v=(0,0,\cdots,1) \in \mathbb{R}^{n+1}$.
For every $x \in K$, let $$Lx=\left \{ tv+(1-t)x \; | \ t \in [0,1] \right \}$$
Define $$ \text{Cone}(K)=\bigcup_{x \in K}Lx. $$ namely the union of all segments from $v$ to every point of $K$.
According to all definitions that I see on books, Cone is defined: https://en.wikipedia.org/wiki/Cone_(topology)
However the exercise I'm working on asks to find under what circumstances $$\text{Cone}(K)=\bigcup_{x \in K}Lx$$ is isomorphic to $(K \times [0,1]) /(K \times \{ 1 \})$ (quotient space).
For example if $$K=\{(1/n,0):n\in\mathbb{N}\} \cup (0,0)$$ I can see both of sets form the same graph but I'm still unable to derive a homeomorphism between these two objets.
Let $f:K\times[0,1]\to \mathrm{Cone}(K)$ be defined by $f(k,t)=(1-t)k+tv$. Then, $f$ restricted to $K\times\{1\}$ is constant so $f$ yields a continuous map $$(K\times[0,1])/K\times\{1\}\to \mathrm{Cone}(K)$$
It is clearly a bijection, so if $K$ is compact, then it is automatically a homeomorphism, which is the case for your example.
The problem with $K$ not compact is that $\mathrm{Cone}(K)$ has bad properties.
Take $K:=\mathbb R\times\{0\}\subset\mathbb R^2$, then $$\mathrm{Cone}(K)=\mathbb R\times[0,1)\cup\{v\}\subset \mathbb R^2$$ Look at the neighborhoods or $v$ : they do all contain a subset of the form $D(N,\varepsilon)\cap\mathrm{Cone}(K)$ by definition of the subspace topology.
Look at the inverse image of some $D(N,\varepsilon)\cap\mathrm{Cone}(K)$ by $f$ : it is an open neighborhood of $\mathbb R\times\{1\}$ in $(\mathbb R\times[0,1])/(\mathbb R\times\{1\})$. So by definition of the quotient topology, it is the projection of an saturated open neighborhood $U$ of the subset $\mathbb R\times\{1\}$ in $\mathbb R\times[0,1]$.
For $k=(x,0)\in K$, $|v-f(k,t)|=(1-t)|v-k|=(1-t)\sqrt{1+x^2}$, so $$(x,t)\in U\iff |v-f(k,t)|<\varepsilon \iff t> 1-\frac{\varepsilon}{\sqrt{1+x^2}}$$
so that $U$ is the strict epigraph of the function $\mathbb R\to [0,1]$, $$x\mapsto 1-\frac{\varepsilon}{\sqrt{1+x^2}}$$
We have shown that if $V$ is an open neighborhood of $v$ in $\mathrm{Cone}(K)$, then its reverse image by $f$ contains the image in the quotient $(\mathbb R\times[0,1])/(\mathbb R\times\{1\})$ of the strict epigraph of a function $$x\mapsto 1-\frac{\varepsilon}{\sqrt{1+x^2}}$$ for some $\varepsilon$.
But for $g(x)=1-e^{-|x|}$, the image in $(\mathbb R\times[0,1])/(\mathbb R\times\{1\})$ of the strict epigraph of $g$ is an open set of the topological cone of $K$, which image by $f$ is not open is $\mathrm{Cone}(K)$ by what we have shown, and a classical argument of real analysis. The topology of the topological cone is then finer (has more open sets) than that of $\mathrm{Cone}(K)$.
So the answer is that in general, you can't identify those two spaces. But it works for the compact case.