Kenseth Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets.

Projected Benefit Obligation	Plan Assets Value
2013	$6,544,000	$6,216,800
2014	7,852,800	8,180,000
2015	9,652,400	8,507,200
2016	11,779,200	9,816,000

The average remaining service life per employee in 2013 and 2014 is 10 years and in 2015 and 2016 is 12 years. The net gain or loss that occurred during each year is as follows: 2013, $916,160loss; 2014, $294,480loss; 2015, $35,992loss; and 2016, $81,800gain.

Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense in each of the four years, setting up an appropriate schedule.

Year	Minimum Amortization of Loss
2013	$
2014	$
2015	$
2016	$

4/17/2016 Exercise 208 Print by: Sasha Cortes FULC162_ACCT201_21847: SP2016 21847 ACCT 201BFHY1 Intermediate Accounting / Ch. 20 HW *Exercise 208 Your answer is partially correct. Try again. Kenseth Corp. has the following beginningoftheyear present values for its projected benefit obligation and marketrelated values for its pension plan assets. Projected Benefit Obligation Plan Assets Value 2013 $6,544,000 $6,216,800 2014 7,852,800 8,180,000 2015 9,652,400 8,507,200 2016 11,779,200 9,816,000 The average remaining service life per employee in 2013 and 2014 is 10 years and in 2015 and 2016 is 12 years. The net gain or loss that occurred during each year is as follows: 2013, $916,160 loss 2014, $294,480 loss 2015, $35,992 loss and 2016, $81,800 gain. Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense in each of the four years, setting up an appropriate schedule. Year Minimum Amortization of Loss 2013 $0 2014 $ 9816 2015 2016 $ $ 19,668 3,305 Question Attempts: 3 of 5 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wileyplus.com/edugen/shared/assignment/test/qprint.uni 1/1