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Business, 25.01.2021 20:30 haydengraves69

Data pertaining to the postretirement health care benefit plan of Danielson Delivery Service include the following for the current calendar year: Service cost$150,000 APBO, January 1$800,000 Plan assets (fair value), January 1$80,000 Prior service cost (current year amortization, $2,000)$90,000 Retiree benefits paid (end of year)$90,000 Net gain (current year amortization, $1,000)$92,000 Contribution to health care fund (end of year)$85,000 Return on plan assets (actual and expected) 10% Discount rate 8% Required: 1. Determine Danielson's postretirement benefit expense for the current year.

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