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Post retirement Benefit Expense Computation- Kreter Co. Provides the following information about its postretirement benefit plan for the year 2014. Service cost-45,000 Contribution to the

Post retirement Benefit Expense Computation- Kreter Co. Provides the following information about its postretirement benefit plan for the year 2014.

Service cost-45,000

Contribution to the plan-10,000

Actual and expected return on plan assets- 11,000

Benefits paid- 20,000

Plan assets at January 1, 2014- 110,000

Accumulated post retirmenet benfit obligation at January 1, 2014-330,000

Discount rate 8%

INSTRUCTIONS- compute the post retirement benefit expense for 2014.

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