The expected return on plan assets and the settlement rate, Ask an Expert

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Kasper, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2013.

Service cost $260,000
Contributions to the plan $250,000
Actual return on plan assets $240,000
Projected benefit obligation (beginning of year) $2,700,000
Fair value of plan assets (beginning of year) $2,900,000

The expected return on plan assets and the settlement rate were both 9%. what is the amount of pension expense reported for 2013 ?

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