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Compute sheffield minimum amortization of the actuarial loss

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Reference no: EM132721877

Sheffield Corporation had a projected benefit obligation of $3,323,000 and plan assets of $3,561,000 at January 1, 2017. Sheffield also had a net actuarial loss of $525,700 in accumulated OCI at January 1, 2017. The average remaining service period of Sheffield's employees is 8.00 years.

Problem 1: Compute Sheffield's minimum amortization of the actuarial loss.

Reference no: EM132721877

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