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Data pertaining to the postretirement health care benefit plan of Sterling Properties include the following for 2013:


($ in 000s)
  Service cost $ 134
  Accumulated postretirement benefit obligation, January 1
600
  Plan assets (fair value), January 1
110
  Prior service cost-AOCI
none
  Net gain-AOCI (2013 amortization, $1)
99
  Retiree benefits paid (end of year)
87
  Contribution to health care benefit fund (end of year)
195
  Discount rate, 7%


  Return on plan assets (actual and expected), 10%



Required:
1.

Determine the postretirement benefit expense for 2013. (Enter your answer in thousands.)



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  • Category:- Accounting Basics
  • Reference No.:- M9797740

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