Solution-Calculate the amount of prior service cost to be

Calculate the amount of prior service cost to be amortized

Reference no: EM13847372

Waddle Company amended its defined benefit pension plan on January 1, 2013, to increase retirement benefits earned with each service year. The actuary estimated the prior service cost to be $216,000. Waddle's 80 present employees are expected to retire at the rate of about 10 each year at the end of each of the next eight years.

Required:

1. Using the service method, calculate the amount of prior service cost to be amortized to pension expense in 2013.

2. Using the straight-line method, calculate the amount of prior service cost to be amortized to pension expense in 2013.

Reference no: EM13847372

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Calculate the amount of prior service cost to be amortized : Calculate the amount of prior service cost to be amortized to pension expense in 2013. Calculate the amount of prior service cost to be amortized to pension expense in 2013.

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Calculate the amount of prior service cost to be amortized

Reference no: EM13847372

Reference no: EM13847372

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