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Pension data for Sterling Properties include the following: ($ in 000s) Service cost, 2016 $ 117 Projected benefit obligation, January 1, 2016 600 Plan assets
Pension data for Sterling Properties include the following: |
($ in 000s) | |||
Service cost, 2016 | $ | 117 | |
Projected benefit obligation, January 1, 2016 | 600 | ||
Plan assets (fair value), January 1, 2016 | 700 | ||
Prior service costAOCI (2016 amortization, $8) | 87 | ||
Net lossAOCI (2016 amortization, $1) | 108 | ||
Interest rate, 8% | |||
Expected return on plan assets, 12% | |||
Actual return on plan assets, 13% | |||
Required: |
Determine pension expense for 2016 |
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