The following information related to Company DDDs pension plan:

Plan asset, January 1, 20x8 P950,000

Defined benefit obligation, January 1, 20x8 1,000,000

Average remaining working life of employees at January 1, 20x8 10 years

Service cost for 20x8 90,000

Discount rate at January 1, 20x8 10%

Expected return on plan asset at January 1, 20x8 100,000

Remeasurement loss arising in 20x8 15,000

Past service cost 30,000

Vesting period for past service cost 2 years

What amount of defined benefit cost should be recognized during 20x8?

with solution