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In 2025, NewLife Landfill purchased a new landfill site. As part of the purchase, they determine future remediation costs of $500,000. The landfill has an

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In 2025, NewLife Landfill purchased a new landfill site. As part of the purchase, they determine future remediation costs of $500,000. The landfill has an estimated life of 25 years. NewLife's cost of capital is 8%. The present value of a single amount at 8% for 25 years is 0.14602 . The present value of an ordinary annuity at 8% for 25 years is 10.67478 . If the Asset Retirement Obligation is recorded correctly, what amount will be recorded as the liability in 2025? The Liability in 2025 $

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