19, What is the prior cost amortization amount for year 2 $17.500 b. S15.750 c. $0 d. $21,875 a What is the amortization adjustment for the unrecognized net gain for year 2? $25,050 b $28,470 c. $2,550 d. $3,800 21. What is the net transition obligation amortization for year 2? a. 0 b. $35.000 c. $17.500 d. $3,500 22. - A company's defined benefit pension plan had a PBO of $265,000 on January 1, 2016. During 2016, pension benefits paid were $40,000. The discount rate for the plan for this year was 10%. Service cost for 2016 was $80,000. Plan assets (fair value) increased during the year by $45,000. The amount of the PBO at December 31, 2016, was: a. $225,000 b. $305,000. c. $331,500. d. None of the answer choices is correct 23. For a leased asset under a lease that qualifies as a capital lease because of a bargain purchase option, the depreciation period used by the lessee must be: a. b. c. d. The same period that was used by the lessor. The useful life to the lessee. The term of the lease regardless of the lease provisions. The remaining life of the asset at the time the lease agreement took effect 4 . An overfunded pension plan means that the: a. PBO is less than plan assets. b. PBO exceeds plan assets. . c. ABO is less than plan assets. d. ABO exceeds plan assets