• Is Your Landfill or Other Wasting Asset Fairly Assessed?
  • April 20, 2015 | Author: Ronald S. Cusano
  • Law Firm: Schnader Harrison Segal & Lewis LLP - Pittsburgh Office
  • 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 postclosure monitoring requirements applicable under environmental laws. As an investment, a landfill is high risk due in part to the potential for extreme environmental liabilities.