Final answer:
Silva's 2024 gain or loss on plan assets can be calculated by subtracting the beginning fair value from the ending fair value of the assets.
Step-by-step explanation:
Silva's 2024 gain or loss on plan assets in thousands of dollars can be calculated by subtracting the beginning fair value of the assets from the ending fair value. If the ending fair value is greater than the beginning fair value, it indicates a gain. If the ending fair value is less than the beginning fair value, it indicates a loss.
For example, if the beginning fair value is $200,000 and the ending fair value is $250,000, the gain on plan assets would be $50,000. On the other hand, if the beginning fair value is $300,000 and the ending fair value is $250,000, the loss would be $50,000.
Therefore, to determine Silva's 2024 gain or loss on plan assets, we need the beginning and ending fair values of the assets.