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A city starts a solid waste landfill during 2018. When the landfill was opened the city estimated that it would fill to capacity within 5

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A city starts a solid waste landfill during 2018. When the landfill was opened the city estimated that it would fill to capacity within 5 years and that the cost to cover the facility would be $1.5 million which will not be paid until the facility is closed. At the end of 2018, the facility was 20% full, and at the end of 2019 the facility was 45% full. On government-wide financial statements, which of the following are the appropriate amounts to present in the financial statements for 2019? [6 points) Expense will be $600,000 and liability will be $600,000 Expense will be $375,000 and liability will be $675,000 Expense will be $300,000 and liability will be $600,000 Both expense and liability will be zero Expense will be $675,000 and liability will be $600,000

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