Shin corporation had a projected benefit obligation of, Financial Accounting

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Shin corporation had a projected benefit obligation of

Shin Corporation had a projected benefit obligation of $3,120,100 and plan assets of $3,325,200 at January 1, 2014. Shin also had a net actuarial loss of $468,250 in accumulated OCI at January 1, 2014. The average remaining service period of Shin’s employees is 7 years.

Compute Shin’s minimum amortization of the actuarial loss.

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