Solution for QID #21831: 1) How do I amortize this without a salvage rate? On | StudyHelpMe

1) 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. . 2) Presented below is information related to Waterway Industries:   Common Stock, $1 par$3460000 Paid-in Capital in Excess of Par?Common Stock551000 Preferred 8 1/2% Stock, $50 par1810000 Paid-in Capital in Excess of Par?Preferred Stock388000 Retained Earnings 1500000 Treasury Common Stock (at cost)150000   The total stockholders' equity of Waterway Industries is   $6059000. $7709000. $6209000. $7559000