Buffalo Company owns a 7,500-acre tract of timber purchased in 2006 at a cost of $1,599 per acre. At the time of purchase, the land was estimated to have a value of $399 per acre without the timber. Buffalo Company has not logged this tract since it was purchased. In 2020, Buffalo had the timber cruised. The cruise (appraiser) estimated that each acre contained 9,840 board feet of timber. In 2020, Buffalo built 10 miles of roads at a cost of $8,460 per mile. After the roads were completed, Buffalo logged and sold 4,305 trees containing 1,025,000 board feet. Part 1 Determine the cost of timber sold related to depletion for 2020. (Round answer to O decimal places, e.g. 5,125.) Cost of timber sold $ eTextbook and Media Save for Later Part 2 Attempts: unlimited Submit Answer If Buffalo depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2020. (Round answer to O decimal places, e.g. 5,125.) Depreciation expense $ Part 3 If Buffalo plants five seedlings at a cost of $5 per seedling for each tree cut, how should Buffalo treat the reforestation? Buffalo should the cost of $ eTextbook and Media Save for Later Attempts: unlimited Submit