Question: How do I amortize this without a salvage rate? On February 1, 2004, the Foose Corporation issued $300,000 worth of bonds; the bonds were dated

How do I amortize this without a salvage rate?

On February 1, 2004, the Foose Corporation issued $300,000

worth of bonds; the bonds were dated February 1, 2004, and

they sold for $303,600. Maturity date for this issue is February 1,

2024. Interest is to be paid semiannually, on July 31 and

January 31. The interest rate is 6% and interest coupons are to

be used.

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