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Compute the pension expense for the year

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Reference no: EM132896344

Question - Metlock SpA provides the following information about its defined benefit pension plan for the year 2022.

Service cost €91,400

Contribution to the plan 102,900

Benefits paid 40,600

Plan assets at January 1, 2022 632,300

Defined benefit obligation at January 1, 2022 686,100

Interest/discount (settlement) rate 11%

Required - Compute the pension expense for the year 2022.

Reference no: EM132896344

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