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