Larkspur Company owns a 7,000-acre tract of timber purchased in 2006 at a cost of $1,417 per acre. At the time of purchase, the land was estimated to have a value of $317 per acre without the timber. Larkspur Company has not logged this tract since it was purchased. In 2020, Larkspur had the timber cruised. The cruise (appraiser) estimated that each acre contained 8,720 board feet of timber. In 2020, Larkspur built 10 miles of roads at a cost of $8,400 per mile. After the roads were completed, Larkspur logged and sold 3,815 trees containing 926,500 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 0 decimal places, e.g. 5,125.) Cost of timber sold LIMK If Larkspur depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2020. (Round intermediate calculations to 5 decimal places, e.g. 1.24654 and final answer to o decimal places, e.g. 5,125.) Depreciation expense $ UNK TEXT If Larkspur plants five seedlings at a cost of $4 per seedling for each tree cut, how should Larkspur treat the reforestation? Larkspur should the cost of