The Town of Harvest Opened a Solid Waste Landfill in 1998

Multiple Choice

The Town of Harvest opened a solid waste landfill in 1998 that is filled to capacity in the current year. The city initially anticipated closure costs of $3 million. These costs were not expected to be incurred until the landfill was closed. What is the final journal entry to record these costs assuming the estimated $3 million closure costs were properly recorded and the landfill is accounted for in an enterprise fund?

A) Option A.
B) Option B.
C) Option C.
D) Option D.
E) Option E.