Sheffield Company owns a 8,400-acre tract of timber purchased in 2003 at a cost of $1,560 per acre. At the time of purchase, the land was estimated to have a value of $360 per acre without the timber. Sheffield Company has not logged this tract since it was purchased. In 2017, Sheffield had the timber cruised. The cruise (appraiser) estimated that each acre contained 9,600 board feet of timber. In 2017, Sheffield built 10 miles of roads at a cost of $9,408 per mile. After the roads were completed, Sheffield logged and sold 4, 200 trees containing 1,020,000 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 If Sheffield depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2017. (Round intermediate calculations to 5 decimal places, e.g. 1.24654 and final answer to O decimal places, e.g. 5,125.) Depreciation expense If Sheffield plants five seedlings at a cost of $5 per seedling for each tree cut, how should Sheffield treat the reforestation? Sheffield should the cost of