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Kingbird Company owns a 7 , 5 0 0 - acre tract of timber purchased in 2 0 1 1 at a cost of $
Kingbird Company owns a acre tract of timber purchased in at a cost of $ per acre. At the time of purchase, the landIf Kingbird depreciates the logging roads on the basis of timber cut, determine the depreciation expense for Do not round
intermediate calculations. Round final answer to decimal places, eg
Depreciation expense $
was estimated to have a value of $ per acre without the timber. Kingbird Company has not logged this tract since it was purchased.
In Kingbird had the timber cruised. The cruise appraiser estimated that each acre contained board feet of timber. In
Kingbird built miles of roads at a cost of $ per mile. After the roads were completed, Kingbird logged and
sold trees containing board feet.
a
Your answer is incorrect.
Determine the cost of timber sold related to depletion for Do not round intermediate calculations. Round final answer to
decimal places, eg
Cost of timber sold $
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