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Ivanhoe, Inc.'s defined benefit pension plan covers 7,900 employees. In its negotiations with the employees,...

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Accounting

Ivanhoe, Inc.'s defined benefit pension plan covers 7,900 employees. In its negotiations with the employees, Ivanhoe, Inc. amends its pension plan on January 1,2026, and grants $3,709,050 of prior service costs to its employees. Employees were grouped according to expected years of retirement and the resulting amount of total service years was 24,727.
(a)
Question 20 of 25
0.671
Attempts: 1 of 3 used
(c)
Your answer is incorrect.
Under the straight-line method of amortization, what would be the amortization amount for 2027?(Round average to 3 decimal places, e.g.0.625.)
Amortization amount for 2027
$
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