Under PPA
Assume new plan.
Say you have a beginning of year valuation (we'll use 1/1/08) and determine that the maximum deduction is 100,000 as of 1/1/08.
Can this figure be increased at the effective rate of interest until 12/31/08 as a maximum?
That is, if eff int rate is 6% could it be $106,000 for max deduction?
Other views?
Thanks.