Vaughn Corporation amended its pension plan on January 1, 2020, and granted $175,100 of prior service costs
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Question:
Vaughn Corporation amended its pension plan on January 1, 2020, and granted $175,100 of prior service costs to its employees. The employees are expected to provide 2,060 service years in the future, with 370 service years in 2020. Compute prior service cost amortization for 2020. Prior service cost amortization for 2020 $___________ .
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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