owns 9,000 acres of purchased in 2006 at a cost of $1,638 per acre. At the time of purchase, the land without the timber was valued at $468 per acre. In 2007, Pharoah built fire lanes and roads, with a life of 30 years, at a cost of $98,280. Every year, Pharoah sprays to prevent disease at a cost of $3,510 per year and spends $8,190 to maintain the fire lanes and roads. During 2008, Pharoah selectively logged and sold 819,000 board feet of timber, of the estimated 4,095,000 board feet. In 2009, Pharoah planted new seedlings to replace the trees cut at a cost of $117,000. emter sold relaed to depletion ter 019. (Round intermediate calculations to S deci nal places, ag. 1.54687 and final answers to decimal places, e 2s.) Cost of timber sold