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Fredcos net periodic pension cost for the year is

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Question :

Fredco's defined benefit pension plan had a projected benefit obligation (PBO) of $10 million at the beginning of the year based on a 10% discount rate.

The fair value of plan assets at the beginning of the year was $10.4 million. These assets were expected to earn a long-term rate of return of 8%.

During the year, service cost was $800,000.There was no prior service cost or net gain (loss). The actual return on plan assets was $900,000. The accumulated benefit obligation was $9.5 million. Fredco's net periodic pension cost for the year is?

Reference no: EM132345346

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