Coronado Company owns a 7,070-acre tract of timber purchased in 2003 at a cost of $1,313 per acre. At the time of purchase, the land was estimated to have a value of $303 per acre without the timber. Coronado Company has not logged this tract since it was purchased. In 2017, Coronado had the timber cruised. The cruise (appraiser) estimated that each acre contained 8,080 board feet of timber. In 2017, Coronado built 10 miles of roads at a cost of $7,918 per mile. After the roads were completed, Coronado logged and sold 3,535 trees containing 858,500 board feet. Determine the cost of timber sold related to depletion for 2017. (Round intermediate calculations to 5 decimal places, e.g. 1.24654 and final answer to 0 decimal places, e.g. 5,125.) Cost of timber sold $ If Coronado depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2017. (Round intermediate calculations to 5 decimal places, e.g. 1.24654 and final answer to 0 decimal places, e.g. 5,125.) Depreciation expense $ If Coronado plants five seedlings at a cost of $4 per seedling for each tree cut, how should Coronado treat the reforestation? Coronado should the cost of $ . By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor.