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veldre spa provides thw following information about its defined benefit pension plan for the year 2019 service cost 90,000 contribution to the plan 105,000 benefits

veldre spa provides thw following information about its defined benefit pension plan for the year 2019

service cost 90,000

contribution to the plan 105,000

benefits paid 40,000

plan assets at January 1, 2019 640,000

defined benefit obligation at January 1, 2019 700,000

discount (interest) rate 10%

compute the pension expense for the year 2019

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