Homework Answers
Calculation of net gain or loss that should be included as a component of pension expense for the current year.
| Particulars | Amount |
| Net gain, January 1 | $214600 |
| Less : 10% of PBO ($1630000) or plan assets ($1930000) whichever is higher i.e. $1930000*10% = $193000 | $193000 |
| Excess | $21600 |
| Service period | 12 |
| Amortization | $1800 |
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