Nash Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,428 per acre. At the time of purchase, the land without the timber was valued at $408 per acre. In 2010, Nash built fire lanes and roads, with a life of 30 years, at a cost of $85,680. Every year, Nash sprays to prevent disease at a cost of $3,060 per year and spends $7,140 to maintain the fire lanes and roads. During 2011, Nash selectively logged and sold 714,000 board feet of timber, of the estimated 3,570,000 board feet. In 2012, Nash planted new seedlings to replace the trees cut at a cost of $102,000.

Your answer is partially correct. Determine the depreciation expense and the cost of timber sold related to depletion for 2011. (Round the final answers to O decimal places, e.g. 5,125.) Depreciation expense $ 2856 Cost of timber sold $ 1020 e Textbook and Media X Your answer is incorrect. Nash has not logged since 2011. If Nash logged and sold 918,000 board feet of timber in 2022, when the timber cruise (appraiser) estimated 5,100,000 board feet, determine the cost of timber sold related to depletion for 2022. (Round intermediate calculations to 5 decimal places, e.g. 1.54687 and final answers to 0 decimal places, e.g. 5,125.) Cost of timber sold $ 1350648