Question
the following information relates to the pension plan for the employees of Turner Co.: 1/1/14 12/31/14 12/31/15 Accum benefit obligation 6,160,000 6,440,000 8,400,000 project benefit
the following information relates to the pension plan for the employees of Turner Co.:
1/1/14 12/31/14 12/31/15
Accum benefit obligation 6,160,000 6,440,000 8,400,000
project benefit obligation 6,510,000 6,972,000 9,338,000
Fait value of plan assets 5,950,000 7,280,000 8,036,000
AOCI-net (gain) or loss -0- (1,008,000) (1,120,000)
settelment rate (for year) 11% 11%
expected rate of return 8% 7%
Turner estimets that the avarge remaining service life is 16 years. Turner's contrubtion was 882,000 in 2015 and benfits were 658,000. Please caculate what amount of AOCI-net loss should be amortized in 2015 ?
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