Required information A city starts a solid waste landfill that it expects to fill to capacity gradually over a 17-year period. At the end of the first year, it is 6 percent filled. At the end of the second year, it is 15 percent filled. Currently, the cost of closure and postclosure is estimated at $1 million. None of this amount will be paid until the landfill has reached its capacity Which of the following is true for the Year 2 government-wide financial statements? Multiple Choice Expense will be $80,000 and liability will be $160,000, oo Both expense and liability will be $90,000 Expense will be $90,000 and liability will be $150,000 O o O Both expense and liability will be zero