Subjective or Disclosure
Policy Description Complex Judgments Reference
Capitalized Interest We capitalize interest on Capitalizing too little or Management's
landÑll cell construction too much interest Discussion and Analysis
and other construction expense could lead to a of Financial Condition
projects in accordance misstatement of interest and Results of
with Statement of expense in the statement Operations Ì Property
Financial Accounting of income. In order to and Equipment.
Standards No. 34, minimize this risk,Note 2, Summary of""Capitalization of construction projects SigniÑcant AccountingInterest Cost.'' must meet the following Policies in thecriteria before interest is Consolidated Financialcapitalized: Statements.1. Total construction
costs are $50,000 or
greater,
2. the construction
phase is one month
or longer, and
3. the assets have a
useful life of one year
or longer.
Revenue and Accounts
Receivable:
Revenue consists Establishing reserves Management's
primarily of collection against speciÑc accounts Discussion and Analysis
fees from various receivable and the of Financial Condition
customer types and overall adequacy of our and Results of
transfer and landÑll accounts receivable Operations Ì Selected
disposal fees charged to reserve is a matter of Balance Sheet Accounts.
third parties. Advance judgment. If ourNote 2, Summary ofbillings are recorded as judgment and estimates SigniÑcant Accountingdeferred revenue. concerning the adequacy Policies in theRevenue is recognized of our reserve for Consolidated Financialover the period in which accounts receivable is Statements.services are provided. incorrect, bad debt
No one customer has expense would change.
individually accounted
for more than 10% of
our consolidated revenue
or of our reportable
segment revenue in any
of the past three years.
Reserves for accounts
receivable are provided
when a receivable is
believed to be
uncollectible or generally
when a receivable is in
excess of 90 days old.
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