Ayayai Logging and Lumber Company owns 2,740 acres of timberland on the north side of Mount Leno, which was purchased in 2005 at a cost of $510 per acre. In 2017, Ayayai began selectively logging this timber tract. In May 2017, Mount Leno erupted, burying the timberland of Ayayai under a foot of ash. All of the timber on the Ayayai tract was downed. In addition, the logging roads, built at a cost of $148,000, were destroyed, as well as the logging equipment, with a net book value of $295,100 At the time of the eruption, Ayayai had logged 20% of the estimated 475,900 board feet of timber. Prior to the eruption, Ayayai estimated the land to have a value of $190 per acre after the timber was harvested. Ayayai includes the logging roads in the depletion base Ayayai estimates it will take 3 years to salvage the downed timber at a cost of $758,000. The timber can be sold for pulp wood at an estimated price of $2 per board foot. The value of the land is unknown, but must be considered nominal due to future uncertainties. Determine the depletion cost per board foot for the timber harvested prior to the eruption of Mount Leno. (Round per unit answer to 2 decimal places, e.g. 0.45.) Depletion cost per board foot SHOW LIST OF ACCOUNTS LINK TO TEXT