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Calculate legacy post-retirement benefit expense

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Reference no: EM132785014

Wildhorse Corporation has the following information available concerning its post-retirement benefit plan for 2020:

Current service cost 80,350
Interest cost on 080, discount rate at 6% 65,900
Return on plan assets, using 6% discount rate 47,950
Actual return on plan assets for 2020 54,800

Problem 1: Assuming Wildhorse follows IFRS, calculate Legacy's 2020 post-retirement benefit expense that will be included in net income.

Reference no: EM132785014

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