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Crane Corporation has the following information available concerning its post-retirement benefit plan for 2020: Current service cost $80,900 Interest cost on DBO, discount rate at
Crane Corporation has the following information available concerning its post-retirement benefit plan for 2020:
Current service cost | $80,900 | ||
Interest cost on DBO, discount rate at 6% | 66,500 | ||
Return on plan assets, using 6% discount rate | 47,900 | ||
Actual return on plan assets for 2020 | 54,000 |
Assuming Crane follows IFRS, calculate Legacys 2020 post-retirement benefit expense that will be included in net income.
Postretirement benefit expense | $enter Postretirement benefit expense in dollars |
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Assuming Crane follows ASPE, calculate Legacys 2020 post-retirement benefit expense that will be included in net income.
Postretirement benefit expense | $enter Postretirement benefit expense in dollars |
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