A Municipal Solid Waste Landfill (MSWLF)accounted for by an Enterprise

Multiple Choice

A municipal solid waste landfill (MSWLF) accounted for by an enterprise fund should recognize an expense and liability for the year in the amount of

A) The estimated total current costs for closure and postclosure of the MSWLF determined at the time the landfill is placed into initial operation divided by the estimated number of years the landfill will be operated.
B) The estimated total current costs for closure and postclosure of the MSWLF as reevaluated at the end of each fiscal year divided by the remaining estimated number of years the landfill will be operated.
C) A portion of the estimated total current costs for closure and postclosure of the MSWLF,determined at the time the landfill is placed into initial operation,equal to the ratio of landfill used during the year to its total capacity.
D) A portion of the estimated total current costs for closure and postclosure of the MSWLF,as reevaluated at the end of the fiscal year,equal to the ratio of landfill used during the year to its total capacity.