Solution-Compute the amount of net gain or loss amortized

Compute the amount of net gain or loss amortized

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Question: Kenseth Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets.

	Projected Benefit Obligation	Plan Assets Value
2013	$6,836,000	$6,494,200
2014	8,203,200	8,545,000
2015	10,083,100	8,886,800
2016	12,304,800	10,254,000

The average remaining service life per employee in 2013 and 2014 is 10 years and in 2015 and 2016 is 12 years. The net gain or loss that occurred during each year is as follows: 2013, $957,040 loss; 2014, $307,620 loss; 2015, $37,598 loss; and 2016, $85,450 gain.

Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense in each of the four years, setting up an appropriate schedule.

Year		Minimum Amortization of Loss
2013		$
2014		$
2015		$
2016		$

Reference no: EM131756587

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Compute the amount of net gain or loss amortized

Reference no: EM131756587

Reference no: EM131756587

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