Veldre SpA provides the following information about its defined benefit pension plan for the year 2019. Service
Question:
Veldre SpA provides the following information about its defined benefit pension plan for the year 2019.
Service cost............................................................................€ 90,000
Contribution to the plan.......................................................105,000
Benefits paid............................................................................40,000
Plan assets at January 1, 2019..............................................640,000
Defined benefit obligation at January 1, 2019...................700,000
Discount (interest) rate...............................................................10%
Instructions
Compute the pension expense for the year 2019?
Step by Step Answer:
Computation of pensionexpense Servicecost 90000 I...View the full answer
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
