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APTER 11 ASSIGNMENT G beginning of 2018, Terra Lumber Company purchased a timber tract from Boise Cantor for $2,860,000. Ater the timber s value of
APTER 11 ASSIGNMENT G beginning of 2018, Terra Lumber Company purchased a timber tract from Boise Cantor for $2,860,000. Ater the timber s value of $790,000. Roeds to enable logging operations were constructed and completed on cleared, the land will have a residual March 30, 2018. The cost of the roeds, which have no residual value and no aternative use after the tract is cleared, was $138,000. During 2018, Terra logged 690,000 of the estimated 69 milion board feet of imber Calculate the 2018 depietion of the timber trect and depreciation of the logging roads assuming the units-of-production method is used for both assets. (Do not round intermediate calculations.) Depletion of the bimber tract Depreciation of the logging roads 888 ,a 2 3 4
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