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Exercise 20-05 Shamrock Company has five employees participating in its defined benefit pension plan. Expected years of future service for these employees at the
Exercise 20-05 Shamrock Company has five employees participating in its defined benefit pension plan. Expected years of future service for these employees at the beginning of 2020 are as follows. Employee Jim Future Years of Service 3 Paul Nancy Dave Kathy 4566 On January 1, 2020, the company amended its pension plan, increasing its projected benefit obligation by $77,040. Compute the amount of prior service cost amortization for the years 2020 through 2025 using the years-of-service method, setting up appropriate schedules. Year 2020 2021 $ Annual Amortization 2022 2023 2024 2025 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT 1 Version 4 24.21.1
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