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Pension Cost Pinecone Company has plan assets of $500,000 at the beginning of the...

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Accounting

Pension Cost
Pinecone Company has plan assets of $500,000 at the beginning of the current year and expects to earn 12% on its plan assets during the year. Pinecone's service cost is $230,000, and its interest cost is $55,000. Compute Pinecone's pension cost for the current year.
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