owns 9,000 acres of timberland purchased in E11-19 (L04) (Depletion Computations-Timber) Stanislaw Timber Company 2006 at a cost of $1,400 per acre. At the time of purchase, the land without the timber was valued at $400 per acre. In 2007 Stanislaw built fire lanes and roads, with a life of 30 years, at a cost of $84,000. Every year, Stanislaw sprays to prevent disease at a cost of S3,000 per year and spends $7,000 to maintain the fire lanes and roads. During 2008, Stanislaw selectively logged an sold 700,000 board feet of timber, of the estimated 3,500,000 board feet. In 2009, Stanislaw planted new seedlings to replace th trees cut at a cost of $100,000. Instructions (a) Determine the depreciation expense and the cost of timber sold related to depletion for 2008