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Compute prior service cost amortization

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Reference no: EM132450051

Problem - Metlock Corporation amended its pension plan on January 1, 2017, and granted $166,840 of prior service costs to its employees. The employees are expected to provide 1,940 service years in the future, with 350 service years in 2017.

Required - Compute prior service cost amortization for 2017.

Reference no: EM132450051

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