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The Town of Conway Opened a Solid Waste Landfill in 1998

question 47

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The town of Conway opened a solid waste landfill in 1998 that is now filled to capacity.The city initially anticipated closure costs of $2 million.These costs were not expected to be incurred until the landfill is closed.What is the final journal entry to record these costs assuming the estimated $2 million closure costs were properly recorded and the landfill is accounted for in an enterprise fund?
The town of Conway opened a solid waste landfill in 1998 that is now filled to capacity.The city initially anticipated closure costs of $2 million.These costs were not expected to be incurred until the landfill is closed.What is the final journal entry to record these costs assuming the estimated $2 million closure costs were properly recorded and the landfill is accounted for in an enterprise fund?   A) Entry A. B) Entry B. C) Entry C. D) Entry D. E) Entry E.


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