Solution-Amortization of unrecognized gain on the pension

Amortization of unrecognized gain on the pension fund

Reference no: EM13553629

Amortization of Unrecognized Gain on the Pension Fund

Melba Enterprises has an unrecognized gain of $425,000 relating to its pension plan as of January 1, 2008. Management has chosen to amortize this deferral on a straight-line basis over the 10-year average remaining service life of its employees, subject to the limitation of the corridor amount. Additional facts about the pension plan as of January 1, 2008, are as follows:

PBO	$2,050,000
ABO	1,900,000
Fair value of the pension fund	1,500,000
Market-related value of the pension fund (5-year weighted average)	1,350,000

Compute the minimum amortization of unrecognized gain to be recognized by Melba in 2008.

Reference no: EM13553629

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Amortization of unrecognized gain on the pension fund

Reference no: EM13553629

Reference no: EM13553629

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