Barton, Inc.received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2011.

The service cost component of pension expense for 2011 is $360,000 and the amortization of past service cost due to an increase in benefits is $60,000.The discount rate is 10% and the expected rate of return is 9%.What is the amount of pension expense for 2011?

Question

Barton, Inc.received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2011.

The service cost component of pension expense for 2011 is $360,000 and the amortization of past service cost due to an increase in benefits is $60,000.The discount rate is 10% and the expected rate of return is 9%.What is the amount of pension expense for 2011?

Quizplus · Accepted Answer

The Answer of Barton, Inc.received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2011.

The service cost component of pension expense for 2011 is $360,000 and the amortization of past service cost due to an increase in benefits is $60,000.The discount rate is 10% and the expected rate of return is 9%.What is the amount of pension expense for 2011?