Answered

Find answers to your most challenging questions with the help of IDNLearn.com's experts. Our platform provides accurate, detailed responses to help you navigate any topic with ease.

Marin corporation had a projected benefit obligation of $3235000 and plan assets of $3474000 at January 1, 2020 . Marin also had a net acturial loss of $505740 in accumulated OCI at January 1, 2020.The average remaining service period of Marin's employees is 7.80 years . Compute Marin's minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss

Sagot :

Ogorwyneidn

the minimum amortization is given as 20300 dollars

How to solve for the amortization

We have the value of A to be $3235000

while we have the value of B to be $3474000

Of these two values the greatest or the highest is that of the option B.

Next we have to find the corridor value using 10 percent

0.10 * 3474000

= 347400

$505740 -  347400

= 158340

The number of years = 7.8

minimum amortization = 158340/7.8

= 20300 dollars

Hence the minimum amortization is given as 20300 dollars

Read more on amortization here:

https://brainly.com/question/10561878

#SPJ1

We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Your search for answers ends at IDNLearn.com. Thank you for visiting, and we hope to assist you again soon.