At the end of 2020, Lime Inc. has determined the following adjusted information related to its defined benefit pension plan $\begin{array}{ll}
\text { Defined benefit obligation........................................................................................ } & 1,320,000 \
\text { Fair value of pension plan assets .............................................................................. } & 1,22000
\end{array}$ The corporation uses IFRS. Assume the net defined benefit liability/asset account at January 1, 2020 was nil. If the contribution to plan assets in 2020 is $ 410,000, the pension expense for 2020 is

Question

At the end of 2020, Lime Inc. has determined the following adjusted information related to its defined benefit pension plan $\begin{array}{ll}
\text { Defined benefit obligation........................................................................................ } & 1,320,000 \
\text { Fair value of pension plan assets ..............................................................................  } & 1,22000
\end{array}$ The corporation uses IFRS. Assume the net defined benefit liability/asset account at January 1, 2020 was nil. If the contribution to plan assets in 2020 is $ 410,000, the pension expense for 2020 is

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The Answer of At the end of 2020, Lime Inc. has determined the following adjusted information related to its defined benefit pension plan $\begin{array}{ll}
\text { Defined benefit obligation........................................................................................ } & 1,320,000 \
\text { Fair value of pension plan assets ..............................................................................  } & 1,22000
\end{array}$ The corporation uses IFRS. Assume the net defined benefit liability/asset account at January 1, 2020 was nil. If the contribution to plan assets in 2020 is $ 410,000, the pension expense for 2020 is

At the End of 2020, Lime Inc The Corporation Uses IFRS