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Sunland Timber Company owns 9 , 0 0 0 acres of timberland purchased in 2 0 1 4 at a cost of $ 1 ,
Sunland Timber Company owns acres of timberland purchased in at a cost of $ per acre. At the time of purchase, the land without the timber was valued at $ per acre. In Sunland built fire lanes and roads, with a life of years, at a cost of $ Every year, Sunland sprays to prevent disease at a cost of $ per year and spends $ to maintain the fire lanes and roads. During Sunland selectively logged and sold board feet of timber, of the estimated board feet. In Sunland planted new seedlings to replace the trees cut at a cost of $
a
Your answer is incorrect.
Determine the depreciation expense and the cost of timber sold related to depletion for
Depreciation expense $
Cost of timber sold $
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b
Sunland has not logged since If Sunland logged and sold board feet of timber in when the timber cruise appraiser estimated board feet, determine the cost of timber sold related to depletion for Do not round intermediate calculations. Round final answers to O decimal places, eg
Cost of timber sold
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