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In 2025 , Sheffield Landfill purchased a new landfill site. As part of the purchase, they determine future remediation costs of $520,000. The landfill has
In 2025 , Sheffield Landfill purchased a new landfill site. As part of the purchase, they determine future remediation costs of $520,000. The landfill has an estimated life of 25 years. Sheffield's cost of capital is 7%. The present value of a single amount at 7% for 25 years is 0.18425. The present value of an ordinary annuity at 7% for 25 years is 11.65358. If the Asset Retirement Obligation is recorded correctly, what amount will be recorded as the liability in 2025 ? The Liability in 2025$
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