QUESTION 5 Beerbo owns 1,750 acres of timberland, which was purchased in 2009 at a cost of $350 per acre. At the time of the purchase, the land (without the timber) was valued at $100 per acre. Beerbo estimates that it can harvest 875,000 total board feet of timber from the property. Each year, Beerbo pays $750 to spray the land in order to prevent timber-killing disease. In 2010, Beerbo built fire lanes and roads at a cost of $21,000. Each year, Beerbo pays $1,750 to maintain the fire lanes and roads. During 2011, Beerbo selectively logged 187,500 board feet of timber. What is the depletion rate of the timber (in boardf eet)? Round answers to the nearest cent. QUESTION 6 Beerbo acquires a coal mine for $200,000 and paid intangible development costs totaling $50,000. Beerbo estimates that 2,000 tons of coal can be extracted from the mine. After all extraction is completed, Beerbo estimates that it will pay $40,000 to restore the property to its natural condition. After restoration, Beerbo estimates that it will collect $80,000 from selling the property. Once the mine is set up for extraction, what amount will Beerbo report as the cost of the coal mine