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Landfill expenses depend on estimates that may change from year to year. In 2017

ID: 2549607 • Letter: L

Question

Landfill expenses depend on estimates that may change from year to year. In 2017 Marquette County opened a landfill that was expected to accept waste for four years. The

following table indicates the estimates county officials made at the end of each of the four years:

Determine the total expected closure costs ($10 million) that should be assigned to each of the years that the landfill accepts waste.

year Total Capactiy (millions of cubic feet) Capacity used this year expected closure costs 2017 10 4 8 2018 10 2 9 2019 12 2 10 2020 12 4 10

Explanation / Answer

YEAR total capacity capacity used RATIO OF USE EXPECTED COST CHARGE OF COST 2017 10 4 4 / 10 8 3.2 2018 10 2 2 / 10 9 1.8 2019 12 2 2 / 12 10 1.666666667 2020 12 4 4 /12 10 3.333333333