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Problem The following information pertains to Fairfield Co's gains and losses for its defined benefit contribution plan: Gain Loss. Beginning PBO.

Problem

The following information pertains to Fairfield Co's gains and losses for its defined benefit contribution plan:


               Gain Loss.           Beginning PBO.          Beginning FV of Plan Assets

2017:         $7,000                 $192,000                          $205,000

2018:       $41,000                  $224,000                         $246,000   

2019        ($150,000)                $212,000                         $6,500


Assume average remaining years of service is held constant at 20 years .


Compute the amount of gain/loss that should be amortized to pension expense each of the above years.

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