What is the useful life of a landfill site?

The Public Sector Accounting Forum (PSAF) discussed the factors to consider when determining the useful life of a landfill site.

The PSAF noted the useful life is the period that the site receives waste, as well as the period it stores wastes (while post-closure monitoring and inspections occur). Certain parts of a landfill site asset may have a shorter useful life than the overarching landfill site asset.

Access the Guideline on Accounting for Landfill Sites here. The Guideline is effective 1 April 2023 and early application is encouraged.