Jonas Lumber Company owns a 7,000-acre tract of timber purchased in 2005 at a cost of $1,300
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(a) Determine the cost of timber sold related to depletion for 2012.
(b) If Jonas depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2012.
(c) If Jonas plants five seedlings at a cost of $4 per seedling for each tree cut, how should Jonas treat the reforestation?
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