Reference no: EM132894637
Question - Crane Corp. provides the following information about its post-retirement health-care benefits plan for the year 2020:
Current service cost $203,000
Contribution to the plan 47,900
Actual return on plan assets 142,200
Benefits paid 88,000
Plan assets at January 1, 2020 1,599,200
Defined post-retirement benefit obligation at January 1, 2020, 1,823,800
Discount rate 12%
Assuming Opsco follows IFRS, calculate the post-retirement benefit expense for 2020.
Post-retirement benefit expense.
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