At the Beginning of the Current Year,a Pension Has Assets

question 5

Essay

At the beginning of the current year,a pension has assets of $74,500,000 and accrued benefit obligation of $77,500,000.At this time,unamortized actuarial losses were $6,750,000 on plan assets and $2,800,000 on plan obligations.The expected average remaining service lives (EARSL)of current employees is 18 years.
Requirement:
Compute the minimum corridor amortization.