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Question - Bonita Co. provides the following information about its postretirement benefit plan for the year 2017.
Service cost
$ 42,000
Contribution to the plan
9,000
Actual and expected return on plan assets
12,000
Benefits paid
18,600
Plan assets at January 1, 2017
109,800
Accumulated postretirement benefit obligation at January 1, 2017
348,300
Discount rate
10%
Compute the postretirement benefit expense for 2017.
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