ACC $330-$ Enterprise Fund Problems

Garbage Dump $-$ This problem deals with the McLean County Landfill, which has been an element of county operations $($as an enterprise fund$)$ for $20$ years.

a$.$ If$,$ at the inception of the operation, the county estimated total Closure, Reclamation, and Monitoring costs to be $$400,000$ and the life of the landfill to be $20$ years, what entry would have been made each fiscal year?

b$.$ Having reached capacity at the landfill, Mclean County has started to close up the dump. As part of that process, the enterprise fund purchased a used land grader for $$70,000.$ Make the entry for that purchase.