The following data are for Guava Company’s retiree health care plan for the current calendar…


Question Description:

25

The following data are for Guava Company’s retiree health care plan for the current calendar… 1 answer below » The following data are for Guava Company’s retiree health care plan for the current calendar year. Number of employees covered 5 Years employed as of January 1 4 (each) Attribution period 20 years EPBO, January 1 $64,000 EPBO, December 31 $67,840 Interest rate 6% Funding and plan assets None What is the service cost to be included in the current year’s postretirement benefit expense? $3,800. $3,392. $3,200. $3,332. Assume that at the beginning of the current year, a company has a net gain–AOCI of $26,600,000. At the same time, assume the PBO and the plan assets are $224,500,000 and $154,400,00 View complete question » The following data are for Guava Company’s retiree health care plan for the current calendar year. Number of employees covered 5 Years employed as of January 1 4 (each) Attribution period 20 years EPBO, January 1 $64,000 EPBO, December 31 $67,840 Interest rate 6% Funding and plan assets None What is the service cost to be included in the current year’s postretirement benefit expense? $3,800. $3,392. $3,200. $3,332. Assume that at the beginning of the current year, a company has a net gain–AOCI of $26,600,000. At the same time, assume the PBO and the plan assets are $224,500,000 and $154,400,000, respectively. The average remaining service period for the employees expected to receive benefits is 10 years. What is the amount of amortization to pension expense for the year? $701,000. $1,979,000. $419,000. $415,000. XYZ Company leased equipment to West Corporation under a lease agreement that qualifies as a capital lease to West but not as a result of a bargain purchase option or a title transfer. The present value of the asset is $730,000. The expected economic life of the asset is ten years. The lease term is 5 years. Using the straight-line method, what would West record as annual depreciation? $73,000. $146,785. $0. $146,000. View less » Jul 29 2015 05:10 PM

Answer

25