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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

Answer :

OGORWYNEIN

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

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