The following information concerns Saverio Corp.$$s defined benefit pension plan.

Defined benefit obligation, $1/1/23($before amendment$)$

$$239,000$

Plan assets, $1/1/23$

$155,000$

Discount rate

$10\%$

Annual pension service cost

$13,000$

Actual return on plan assets

$7,750$

On January $1,2023,$ the company amended its pension plan, which resulted in a reduction in prior service benefits for current employees. The present value of the reduced benefits is $$34,000.$

Instructions

Calculate the defined benefit expense that will be reported in net income for $2023$ if Saverio applies IFRS.

Calculate the defined benefit expense that will be reported in net income for $2023$ if Saverio applies ASPE. What are the disclosure requirements in this situation?