current reclamation costs
(1) Current reclamation and closing costs (A) Current reclamation costs The term “current reclamation costs” means the amount which the taxpayer would be required to pay for qualified reclamation costs if the reclamation activities were performed currently. (B) Current closing costs (i) In general The term “current closing costs” means the amount which the taxpayer would be required to pay for qualified closing costs if the closing activities were performed currently. (ii) Costs computed on unit-of-production or capacity method Estimated closing costs shall— (I) in the case of the closing of any mine site, be computed on the unit-of-production method of accounting, and (II) in the case of the closing of any solid waste disposal site, be computed on the unit-of-capacity method.