Joe Biden became a U. S. senator in 1973 when senators were paid $42,500 per year. His last full year in the senate was 2008 when he was paid $169,300. The CPI values for every year since 1913 can be found here at the Minneapolis Fed website. What was the salary for 1973 equivalent to in 2008 dollars if you adjusted for inflation using the CPI

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $