Multi Current Attempt in Progress Conan Logging and Lumber Company, a small private company that follows ASPE, owns 3,000 hectares of timberland on the north side of Mount Leno, which was purchased in 2008 at a cost of $550 per hectare. In 2020, Conan began selectively logging this timber tract. In May 2020, Mount Leno erupted, burying Conan's timberland under 15 cm of ash. All of the timber on the Conan tract was downed. In addition, the logging roads, built at a cost of $155,000, were destroyed, as well as the logging equipment, with a carrying amount of $305,000. At the time of the eruption, Conan had logged 20% of the estimated 500,000 cubic metres of timber. Before the eruption, Conan estimated the land to have a value of $200 per hectare after the timber was harvested. Conan includes the logging roads in the depletion base. Conan estimates it will take three years to salvage the downed timber at a cost of $710,000. The timber can be sold for pulpwood at an estimated price of $3 per cubic metre. The value of the land is unknown, but must be considered nominal due to future uncertainties. Que Accow Que Multi Que Mun Que Mu Que Accou Determine the depletion cost per cubic metre for the timber that was harvested before Mount Leno erupted. (Round answer to 2 decimal places, eg. 2.50.) Que Accol View Accoy Question 16 Determine the depletion cost per cubic metre for the timber that was harvested before Mount Leno erupted. (Round answer to 2 decimal places, eg. 2.50) Depletion cost $ depletion per m Prepare the journal entry to record the depletion before the eruption. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Do not round intermediate calculations. Round final answers to O decimal places, e.g. 5,725) Account Titles and Explanation Debit Credit Multiple Choice Question 11 Accounting M Question 12 Mule Choon Question 17 Multiple Chom Question 1. Mule Choce Question 11 Acounting Mul Question 1 Accuring Mul Viewing Qu Acuting Mu Determine the amount of the estimated loss before income taxes. Loss due to eruption of Mt. Leno Save for Later $ 0 Attempts: 0 of 1 used Submit