Compute prior service cost amortization


Manusco Corporation amended its pension plan on January 1, 2012 and granted $160,000 of prior service cost to its employees. The employees are expected to provide 2,000 service years in the future, with 350 service years in 2012. Compute prior service cost amortization for 2012.

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Accounting Basics: Compute prior service cost amortization
Reference No:- TGS0702210

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