Pension data for Sterling Properties include the following: ...
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Accounting
| Pension data for Sterling Properties include the following: |
| ($ in 000s) | |||
| Service cost, 2016 | $ | 117 | |
| Projected benefit obligation, January 1, 2016 | 600 | ||
| Plan assets (fair value), January 1, 2016 | 700 | ||
| Prior service costAOCI (2016 amortization, $8) | 87 | ||
| Net lossAOCI (2016 amortization, $1) | 108 | ||
| Interest rate, 8% | |||
| Expected return on plan assets, 12% | |||
| Actual return on plan assets, 13% | |||
| Required: |
| Determine pension expense for 2016 |
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