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Pension data for Sterling Properties include the following: ($ in thousands) Service cost, 2024 $ 136 Projected benefit obligation, January 1, 2024 760 Plan assets
Pension data for Sterling Properties include the following:
($ in thousands) | |
---|---|
Service cost, 2024 | $ 136 |
Projected benefit obligation, January 1, 2024 | 760 |
Plan assets (fair value), January 1, 2024 | 800 |
Prior service costAOCI (2024 amortization, $9) | 97 |
Net lossAOCI (2024 amortization, $2) | 118 |
Interest rate, 5% | |
Expected return on plan assets, 9% | |
Actual return on plan assets, 10% |
Required:
Determine pension expense for 2024.
Pension data for Sterling Properties include the following: Required: Determine pension expense for 2024. Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign
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