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Ivanhoe Company has 130 employees who are expected to receive benefits under the company's defined-benefit pension plan. The total number of service-years of these employees
Ivanhoe Company has 130 employees who are expected to receive benefits under the company's defined-benefit pension plan. The total number of service-years of these employees is 1,300 . The actuary for the company's pension plan calculated the following net gains and losses: Prior to 2020 , there was no unrecognized net gain or loss. Information about the company's projected benefit obligation and market-related (and fair) value of plan assets follows: Based on the above information about Ivanhoe Company, prepare a schedule which reflects the amount of net gain or loss to be amortized by the company as a component of pension expense for the years 2020,2021 , and 2022. The company amortizes net gains or losses using the straight-line method over the average service life of participating employees
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