List and explain in detail the three methods used to measure a company's pension obligation its employees. Which one is required by the American Institute of Certified Public Accounta (AICPA)? An answer without explanations will be marked 0. II- Straight-line m weighted avera double-declir Pension data for the Ferguson Company include the following for year 2020: Discount rate: 7% Expected return on plan assets: 11% Actual return on plan assets: 10% Service cost: $250,000 January 1, 2020: PBO ABO Plan assets. $1,500,000 1,200,000 1,700,000 Cash contributions to pension fund: $240,000 Benefit payments to retirees 260,000 When the company started this pension plan, it gave the existing employees a credit of S year of employment as prior service costs. 200 people fell in that category with a weight- of 6 years of pre pension employment and 10 years of employment remaining. Required: 1. Showing your computations, determine pension expense for the year. 2. Showing your computations, determine the amount of assets in the plan on D -III- Halo Company leased a machine from Juniper Corporation on January 1, 2019. has a fair value of $5,000,000. The lease agreement calls for four equal paymen of each calendar year. The useful life of the machine was expected to be four y residual value. The appropriate interest rate for this lease is 10%. Depreciation. by the double declining balance method. Required: (1.) Determine the amount of each lease payment. (2.) Prepare the appropriate journal entries for Halo for 2019 and 2020