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Pension data for Sterling Properties include the following: ($ in 000s) Service cost, 2018 $ 125 Projected benefit obligation, January 1, 2018 660 Plan assets
Pension data for Sterling Properties include the following:
($ in 000s) | |||
Service cost, 2018 | $ | 125 | |
Projected benefit obligation, January 1, 2018 | 660 | ||
Plan assets (fair value), January 1, 2018 | 700 | ||
Prior service costAOCI (2018 amortization, $8) | 90 | ||
Net lossAOCI (2018 amortization, $2) | 111 | ||
Interest rate, 5% | |||
Expected return on plan assets, 9% | |||
Actual return on plan assets, 10% | |||
Required: Determine pension expense for 2018. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)
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