The Mars2020 entry vehicle is currently being developed by NASA to safely land its next rover on the Martian surface in 2021. The vehicle will be protected from entry aeroheating using three different TPS materials: PICA tiles on the forebody, SLA-561V on the backshell and Acusil-II on the parachute close-out cone (PCC) and its backshell interface plate (BIP). Mars2020's entry vehicle and TPS design is identical to the Mars Science Laboratory, NASA's last Mars lander; therefore, the purpose of this study is to assess the adequacy of the existing TPS design and thickness for Mars2020 predicted environments. This study focuses on sizing and margin assessment of Acusil-II TPS on the PCC and BIP. The methodology and analysis techniques that were used for assessing thermal margins are reviewed. Analysis assumptions and limitations are discussed in detail. Thermal sizing is performed at different locations and results are presented.