Hunt Corporation had a projected benefit obligation of $3,100,000 and plan assets of $3,300,000 at January 1,

Question:

Hunt Corporation had a projected benefit obligation of $3,100,000 and plan assets of $3,300,000 at January 1, 2011. Hunt also had a net actuarial loss of $475,000 in accumulated OCI at January 1, 2011. The average remaining service period of Hunt's employees is 7.5 years. Compute Hunt's minimum amor- tization of the actuarial loss.

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