(Answered) Question - post retirement benefit expense computation-

Accounting

Question - Post retirement Benefit Expense Computation- Kreter Co. Provides the following information about its postretirement benefit plan for the year 2014.

Service cost-45,000

Contribution to the plan-10,000

Actual and expected return on plan assets- 11,000

Benefits paid- 20,000

Plan assets at January 1, 2014- 110,000

Accumulated post retirement benefit obligation at January 1, 2014-330,000.

Discount rate 8%

INSTRUCTIONS- Compute the post retirement benefits expense for 2014.

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