The Accumulated Other Comprehensive Income (G/L) account is amortized only if it exceeds 10 percent of the larger of the beginning balances of the projected benefit obligation or the market-related plan assets value.

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According to generally accepted accounting principles (GAAP), Accumulated Other Comprehensive Income (G/L) account is amortized only if it exceeds 10 percent of the larger of the beginning balances of the projected benefit obligation or the fair value of plan assets. This is known as the corridor method.

The Accumulated Other Comprehensive Income (G/L) Account Is Amortized Only