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Question 1: From the following list of costs, calculate the amount of contingent environmental costs.
Equipment purchased to reduce emissions $ 200 000
Monitoring emissions $ 50 000
Estimated fines for breaching environmental regulations $ 500 000
Estimated future costs-the need to dispose of firm's products which contain hazardous material 550 000
Purchase of recyclable material $ 130 000
On-going clean-up costs $ 300 000
Estimate of potential liability-oil spill $ 600 000
Purchase of recyclable packaging materials $ 25 000
Estimate of lost business-adverse television publicity $ 110 000
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This individual assignment is based on the TerraCycle Inc.
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