Montgomery County operates a landfill as an enterprise fund.The closure and postclosure care costs are estimated to be $24 million.It is estimated that the capacity of the landfill is 12 million tons of waste and that waste will be accepted for 4 years.During 2014,2.9 million tons of waste was accepted.The charge for closure and postclosure care costs for 2014 would be:

Question

Quizplus · Accepted Answer

The charge for closure and postclosure care costs is calculated based on the proportion of the landfill's capacity used. With 2.9 million tons accepted out of a 12 million ton capacity, 24.17% of the capacity has been used. Therefore, 24.17% of the $24 million estimated costs is $5.8 million.

Montgomery County Operates a Landfill as an Enterprise Fund