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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
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 51.5 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? 16 points) Expense will be $375,000 and liability will be $675,000 Expense will be $300.000 and liability will be $600,000 Expense will be $675.000 and liability will be $600,000 Both expense and liability will be zero Expense will be $600,000 ond linbility will be $600,000
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