Is Your Landfill Or Other Wasting Asset Fairly Assessed?
Law360, New York (March 20, 2015, 11:24 AM EDT) -- Some assets, such as houses, art and collectibles, and investments appreciate in value over time; others, such as landfills, are considered "wasting assets," as they have a finite life and little or no capital value at the end of that life. In fact, a landfill is more of a liability than an asset at the end of its useful life due to the 30-year post-closure monitoring requirements applicable under environmental laws. As an investment, a landfill is high risk due in part to the potential for extreme environmental liabilities. Conventional appraisal methods including cost, comparable sales, and even the traditional income...
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