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Calculate corridor amortization

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Question - Hancock Corp. obtains the following information from its actuary. All amounts are as of January 1, Year 5 (beginning of the year).

Projected benefit obligation$5,600,000

Fair value of plan assets$5,500,000

Unrecognized net loss$685,000

Average remaining service period 5 years

Required - What is the amount of corridor to be used to calculate corridor amortization?

Reference no: EM132525125

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