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Please answer all 3 parts if possible. Thank you. Bramble Company owns a 7,560-acre tract of timber purchased in 2003 at a cost of $1,404
Please answer all 3 parts if possible. Thank you.
Bramble Company owns a 7,560-acre tract of timber purchased in 2003 at a cost of $1,404 per acre. At the time of purchase, the land was estimated to have a value of $324 per acre without the timber. Bramble Company has not logged this tract since it was purchased. In 2017, Bramble had the timber cruised. The cruise (appraiser) estimated that each acre contained 8,640 board feet of timber. In 2017, Bramble built 10 miles of roads at a cost of $8,467 per mile. After the roads were completed, Bramble logged and sold 3,780 trees containing 918,000 board feet. Determine the cost of timber sold related to depletion for 2017. (Round intermediate calculations to 5 decimal places, e.g. 1.24654 and final answer to o decimal places, e.g. 5,125.) Cost of timber sold s Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER If Bramble depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2017. (Round intermediate calculations to decimal places, e.g. 1.24654 and final answer to O decimal places, e.g. 5,125.) Depreciation expenses Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER ? (c) If Bramble plants five seedlings at a cost of $4 per seedling for each tree cut, how should Bramble treat the reforestationStep by Step Solution
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