Homework Answers
Computation the value of gain or loss the estimate change is:
Value of gain or loss the estimate change = Actual value remaining at the ending * Percentage of discount rate
= $383 million * 5%
= $19.15 million
Hence, the value of gain the estimate change is $19.15 million.
Working Note:
Computation the actual value remaining at the ending is:
Actual value remaining at the ending = Projected obligation at the ending - Service cost for the year - Pension benefits at the ending
= $425 million - $23 million - $19 million
= $383 million
Hence, the actual value remaining at the ending is $383 million.
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