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Cullumber Company owns a 7,000-acre tract of timber purchased in 2006 at a cost of $1,547 per acre. At the time of purchase, the land

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Cullumber Company owns a 7,000-acre tract of timber purchased in 2006 at a cost of $1,547 per acre. At the time of purchase, the land was estimated to have a value of 5347 per acre without the timber. Cullumber Company has not logged this tract since it was purchased. In 2020, Cullumber had the timber cruised. The cruise (appraiser) estimated that each acre contained 9,520 board feet of timber. In 2020, Cullumber built 10 miles of roads at a cost of $7,840 per mile. After the roads were completed, Cullumber logged and sold 4,165 trees containing 1,011,500 board feet. Determine the cost of timber sold related to depletion for 2020. (Round intermediate calculations to 5 decimal places, e.g. 1.24654 and final answer to o decimal places, e.g. 5,125.) Cost of timber sold s ady LINK TO TEXT If Cullumber depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2020. (Round intermediate calculations to 5 decimal places 2.0. 1.24654 and final answer to O decimal places, e.g. 5.125.) Depreciation expense LINK TO TEXT If Cullumber plants five seedlings at a cost of $5 per seedling for each tree cut, how should Cullumber treat the reforestation? Cullumber should the cost of

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