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Compute postretirement benefit expense

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Reference no: EM132721874

Culver Inc. provides the following information related to its postretirement benefits for the year 2017.

Accumulated postretirement benefit obligation at January 1, 2017 $707,500

Actual and expected return on plan assets 37,400

Prior service cost amortization 20,500

Discount rate 9%

Service cost 79,800

Problem 1: Compute postretirement benefit expense for 2017.

Reference no: EM132721874

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