Pearl Paper Products purchased 12,500 acres of forested timberland in March 2017. The company paid $2,125 per acre for this land, which was above the $1,000 per acre most farmers were paying for cleared land. During April, May, June, and July 2017, Pearl cut enough timber to build roads using moveable equipment purchased on April 1, 2017. The cost of the roads was $312,500, and the cost of the equipment was $281,250; this equipment was expected to have a $11,250 salvage value and would be used for the next 15 years. Pearl selected the straight-line method of depreciation for the moveable equipment. Pearl began actively harvesting timber in August and by December had harvested and sold 675,000 board feet of timber of the estimated 8,437,500 board feet available for cutting.

In March 2018, Pearl planted new seedlings in the area harvested during the winter. Cost of planting these seedlings was $150,000. In addition, Pearl spent $10,000 in road maintenance and $7,500 for pest spraying during calendar-year 2018. The road maintenance and spraying are annual costs. During 2018, Pearl harvested and sold 967,500 board feet of timber of the estimated 8,062,500 board feet available for cutting.

In March 2019, Pearl again planted new seedlings at a cost of $187,500, and also spent $18,750 on road maintenance and pest spraying. During 2019, the company harvested and sold 812,500 board feet of timber of the estimated 8,125,000 board feet available for cutting.

Compute the amount of depreciation and depletion expense for each of the 3 years (2017, 2018, and 2019). Assume that the roads are usable only for logging and therefore are included in the depletion base. (Round answers to 0 decimal places, e.g. 45,892.)

2017 2018 2019

Depletion Expense

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Depreciation Expense

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