(Answered) Question - postretirement benefit expense computation

Accounting

Question - Postretirement 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 postretirement benefit obligation at January 1, 2014 330,000

Discount rate 8%

Instructions - Compute the postretirement benefit expense for 2014.

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