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Years$-$of$-$Future$-$Service Amortization Years$-$of$-$Future$-$Service Amortization cost for this amendment amounts to $$330,000.$ Employee A is expected to retire after $1$ year, employee B after $2,$ employee C after $3,$ employee D after $4,$ and employee E after $5$ years.

Required:

Using the years$-$of$-$future$-$service method, prepare a set of schedules to determine the amortization fraction for each year. Enter the amortization fraction as a fraction. For example: $\frac{3}{10}.$

Using the years$-$of$-$future$-$service method, prepare a set of schedules to determine the amortization of the prior service cost. Enter amounts as positive numbers. Using the years$-$of$-$future$-$service method, prepare a set of schedules to determine the amortization of the prior service cost. Enter amounts as positive numbers.

BRENT COMPANY

Prior Service Cost Amortization

$2019-2023$

At the beginning of $2019,$ Brent Company amended its defined benefit pension plan. The amendment entitled five active participating employees to receive increased future benefits based on their prior service. Brent's actuary determined that the prior service cost for this amendment amounts to $$330,000.$ Employee A is expected to retire after $1$ year, employee B after $2,$ employee C after $3,$ employee D after $4,$ and employee E after $5$ years.

Required:

Question Content Area

$1.$ Using the years$-$of$-$future$-$service method, prepare a set of schedules to determine the amortization fraction for each year. Enter the amortization fraction as a fraction. For example: $3/10.$

BRENT COMPANY

Amortization Fractions

$2019-2023$

Expected

Years of

Future Service Number of

Service Years

Rendered in $2019$ Number of

Service Years

Rendered in $2020$ Number of

Service Years

Rendered in $2021$ Number of

Service Years

Rendered in $2022$ Number of

Service Years

Rendered in $2023$

A fill in the blank be$2$c$83$ff$5$f$8104$a$\_1$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_2$

B fill in the blank be$2$c$83$ff$5$f$8104$a$\_3$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_4$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_5$

C fill in the blank be$2$c$83$ff$5$f$8104$a$\_6$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_7$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_8$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_9$

D fill in the blank be$2$c$83$ff$5$f$8104$a$\_10$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_11$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_12$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_13$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_14$

E fill in the blank be$2$c$83$ff$5$f$8104$a$\_15$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_16$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_17$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_18$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_19$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_20$

Total fill in the blank be$2$c$83$ff$5$f$8104$a$\_21$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_22$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_23$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_24$

fill in the blank be$2$c$83$ff$5$f$8104$a$\_25$

Amortization fraction

Question Content Area

$2.$ Using the years$-$of$-$future$-$service method, prepare a set of schedules to determine the amortization of the prior service cost. Enter amounts as positive numbers.

BRENT COMPANY

Prior Service Cost Amortization

$2019-2023$

Total

Prior Service

Cost

Amortization

Fraction Amortization

to Increase

Pension Expense Remaining

Prior Service

Cost

$2019$ $$-$ Select $-$

$$-$ Select $-$

$$-$ Select $-$

$2020-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$2021-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$2022-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$2023-$ Select $-$

$-$ Select $-$

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