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QUESTION
The following facts relate to the DeVry, Inc. postretirement benefits plan for 2011:
The following facts relate to the DeVry, Inc. postretirement benefits plan for 2011: Service cost $170,000Discount rate 9%APBO, January 1, 2011 $1,500,000EPBO, January 1, 2011 $2,000,000Benefit payments to employees $115,000Determine the amount of postretirement expense for 2011. Show all computations. (Points: 25)
