Splish Logging and Lumber Company owns 3,000 acres of timberland on the north side of Mount Leno, which was purchased in 2005 at a cost of $530 per acre. In 2017, Splish began selectively logging this timber tract. In May 2017, Mount Leno erupted, burying the timberland of Splish under a foot of ash. All of the timber on the Splish tract was downed. In addition, the logging roads, built at a cost of $151,200, were destroyed, as well as the logging equipment, with a net book value of $319,100. At the time of the eruption, Splish had logged 20% of the estimated 489,500 board feet of timber. Prior to the eruption, Splish estimated the land to have a value of $200 per acre after the timber was harvested. Splish includes the logging roads in the depletion base. Splish estimates it will take 3 years to salvage the downed timber at a cost of $739,200. The timber can be sold for pulp wood at an estimated price of $2 per board foot. The value of the land is unknown, but must be considered nominal due to future uncertainties.

Determine the depletion cost per board foot for the timber harvested prior to the eruption of Mount Leno.

US oeso, Intermediate Accounting, 10e Devletion per board