The following information concerns Wildhorse Corp.’s defined benefit pension plan.

Defined benefit obligation, 1/1/20 (before amendment)		$235,000
Plan assets, 1/1/20		138,000
Discount rate		10%
Annual pension service cost		10,000
Actual return on plan assets		6,900

On January 1, 2020, the company amended its pension plan, which resulted in a reduction in prior service benefits for current employees. The present value of the reduced benefits is $40,000.

Calculate the pension expense that will be reported in net income for 2020 if Wildhorse applies IFRS.

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Calculate the pension expense that will be reported in net income for 2020 if Wildhorse applies ASPE.

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