Ch. 11, Q. 2

Waterway Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,666 per acre. At the time of purchase, the land without the timber was valued at $476 per acre. In 2010, Waterway built fire lanes and roads, with a life of 30 years, at a cost of $99,960. Every year, Waterway sprays to prevent disease at a cost of $3,570 per year and spends $8,330 to maintain the fire lanes and roads. During 2011, Waterway selectively losed and sold 833,000 board feat of timber of the estimated 4,165,000 board fest. In 2012 Waterway planted new seedlings to replace the trees cut at a cost of $119.000. Your answer is partially correct. Determine the depreciation pense and the cost of timber sold related to depletion for 2011. (Round intermediate calculations to 5 decimal place 154687 and final arsus to decimal placgy 5.125.) Depreciation cense $ Cost of timber sold 1190 e Textbook and Media * Your answer is incorrect. Waterway has not logged since 2011. If Waterway losed and sold 1,071,000 board feet of timber in 2019, when the timber cruise (appraiser) estimated 5,950,000 board fast, determine the cost of timber sold related to depletion for 2022. Round intermediate caldations to 5 decimal please 154687 and final anivers to decimal ploose 5.125.) Cost of timbersold $