Rodeo Corporation amended its defined benefit pension plan on January 31, 2024, to increase retirement benefits...

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Rodeo Corporation amended its defined benefit pension plan on January 31, 2024, to increase retirement benefits earned with eac service year. The actuary estimated the prior service cost to be $241,200. Rodeo's 80 present employees are expected to retire at rate of about 10 each year at the end of each of the next eight years beginning on December 31, 2024. Required: Using the service method, calculate the amount of prior service cost to be amortized to pension expense in each of the next eight years. Year Amount Amortized 2024 2025 S 2026 2027 2028 2029 2030 2031 Total S 0 Rodeo Corporation amended its defined benefit pension plan on January 31, 2024, to increase retirement benefits earned with eac service year. The actuary estimated the prior service cost to be $241,200. Rodeo's 80 present employees are expected to retire at rate of about 10 each year at the end of each of the next eight years beginning on December 31, 2024. Required: Using the service method, calculate the amount of prior service cost to be amortized to pension expense in each of the next eight years. Year Amount Amortized 2024 2025 S 2026 2027 2028 2029 2030 2031 Total S 0