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What is the balance in prior service cost

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Question - Ajay Co. uses the years-of-future- service-method to amortize the prior service cost in its employee pension plan over a four-year period beginning in 2012 and ending in 2015. Ajay has determined the expected years of service for its employees as follows:

(A) Raju and Anik: 4 years

(B) Carol, Sarah, and Eric: 3 years

(C) Marlon: 2 years

The total prior service cost of the pension plan is $375,000. What is the balance in prior service cost after computing the 2014 amortization?

A. $39,474

B. $214,286

C. $93,750

D. $98,684

Reference no: EM133102418

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