Answer:
amount of pension expense = $1,730,000
Explanation:
given data
pension expense = $890,000
benefits = $180,000
settlement rate = 10%
expected rate of return = 8%
to find out
amount of pension expense
solution
we get here amount of pension expense that is express as
amount of pension expense = pension expense + benefits + 10% of projected benefit + 8% of pension assets ................1
from attach file we get these
put here value we get
amount of pension expense = $890,000 + $180,000 + 10% of $11,400,000 + 8% of $6,000,000
amount of pension expense = $1,730,000
