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Pension data for sterling properties include the following

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Reference no: EM13395863

Pension data for Sterling Properties include the following:

Required:

Service cost, 2013                                                  $112

Projected benefit obligation, January 1, 2013        850

Plan assets (fair value), January 1, 2013                900

Prior service cost-AOCI (2013 amortization, $8)  80

Net loss-AOCI (2013 amortization, $1)                101

Interest rate, 6%

Expected return on plan assets, 10%

Actual return on plan assets, 11%

Required

Determine pension expense for 2013.

Reference no: EM13395863

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