Norton County operated a landfill,and accounted for it as an enterprise fund.The closure and postclosure care costs are estimated to be $15,000,000.It is estimated that the capacity of the landfill is 5 million tons of waste and that waste will be accepted for 10 years.During 2014,250,000 tons of waste was accepted by the landfill.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 250,000 tons accepted out of a 5 million ton capacity, 5% of the capacity is used. Therefore, 5% of the $15,000,000 estimated costs is $750,000.

Norton County Operated a Landfill,and Accounted for It as an Enterprise