Ajay Co. uses the years-of-future-service-method to amortize the prior service cost in its employee pension plan over a four-year period beginning in…

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18.  Ajay Co. uses the years-of-future-service-method to amortize the prior service cost in its employee pension plan over a four-year period beginning in 2012 and ending in 2015. Ajay has determined the expected years of service for its employees as follows:


(a) Raju and Anik: 4 years


(b) Carol, Sarah, and Eric: 3 years


(c) Marlon: 2 years.


The total prior service cost of the pension plan is $375,000. What is the balance in prior service cost after computing the 2014 amortization? (Round to the nearest dollar amount.)


A.

$93,750


B.

$39,474


C.

$214,286


D.

$98,684

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