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how can I solve this one? tin Pa Grouper Company owns a 7,000-acre tract of timber purchased in 2006 at a cost of $1,547 per
how can I solve this one?
tin Pa Grouper 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 $347 per acre without the timber. Grouper Company has not "logged this tract since it was purchased. In 2020, Grouper had the timber Cruised. The cruise (appraiser) estimated that each acre contained 9.520 boar feet of timber. In 2020, Grouper built 10 miles of roads at a cost of $7,840 per mile. After the roads were completed, Grouper logged and sold 4,165 trees containing 1,011.500 board feet. Part 1 Your answer is in Determine the cost of timber sold related to depletion for 2020. (Round intermediate calculations to 5 decimal places 1.9 1.24654 and final answer to O decimal places, e.g. 5.125.) Cost of timber soldStep by Step Solution
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