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Crane Inc. has a defined-benefit pension plan covering its 392 employees. Crane agrees to amend its pension benefits. The prior service cost associated with
Crane Inc. has a defined-benefit pension plan covering its 392 employees. Crane agrees to amend its pension benefits. The prior service cost associated with the amendment is $360500. The employees are grouped according to expected years of retirement, as follows: Number of Expected Retirement Group Employees on December 31 A 68 2025 B 98 2026 n 138 2027 D 88 2028 Using the straight-line amortization over average remaining service life approach, what is the annual amount of Prior Service Cost amortization recognized in 2027? $90125 $79100 O $137200 $5301
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