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Coronado Corporation had a projected benefit obligation of $1,270,000 and plan assets of $1,191,000 at January...

Coronado Corporation had a projected benefit obligation of $1,270,000 and plan assets of $1,191,000 at January 1, 2017. Coronado also had a net actuarial gain of $216,700 in accumulated OCI at January 1, 2017. The average remaining service period of Coronado’ employees is 6.9 years. Compute Coronado’s minimum amortization of the actuarial loss.

Minimum Amortization:

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Answer #1

Minimum Amortization: $13000

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