Current service cost for a defined benefit pension plan amounted to $6,000,000.This pension plan's assets generated $5,500,000 of income,which exceeded expectations by $1,000,000.Pension obligations incurred interest cost of $4,500,000,which were above expectations by $200,000.During the year,the company increased benefits in the pension plan and incurred $400,000 for past service cost.
Required:
Compute the amount of pension expense for the year.

Question

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The Answer of Current service cost for a defined benefit pension plan amounted to $6,000,000.This pension plan's assets generated $5,500,000 of income,which exceeded expectations by $1,000,000.Pension obligations incurred interest cost of $4,500,000,which were above expectations by $200,000.During the year,the company increased benefits in the pension plan and incurred $400,000 for past service cost.
Required:
Compute the amount of pension expense for the year.

Current Service Cost for a Defined Benefit Pension Plan Amounted