Question

The following information for Marlee Enterprises is given below: December 31, 2021 Assets and obligations Plan assets (at fair value) $400,000 Accumulated benefit obligation 740,000 Projected benefit obligation 800,000 Other items Pension asset/liability, January 1, 2021 20,000 Contributions 240,000 Other comprehensive loss in 2021 335,800 There were no actuarial gains or losses at January 1, 2021. The average remaining service life of employees is 10 years. The amortization of Other Comprehensive Loss for 2022 is______________.

Answer 1

Answer:

$25,580

Explanation:

($335,800 - $80,000) ÷ 10 = $25,580.