Post-closure costs are recorded in a solid waste landfill enterprise fund at the present value of estimated future costs.

Name: Post-closure costs are recorded in a solid waste landfill enterprise fund at the present value of estimated future costs.
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Question

Quizplus · Accepted Answer

GASB requires that a portion of future estimated costs be charged as an expense and a liability of the landfill operation. These costs are measured in current costs, not at the present value of estimated future costs.

Post-Closure Costs Are Recorded in a Solid Waste Landfill Enterprise