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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 9,000 acres of timberland purchased in 2014 at a cost of $1,582 per acre. At the time of purchase, the land without the timber was valued at $452 per acre. In 2015, Sunland built fire lanes and roads, with a life of 30 years, at a cost of $94,920. Every year, Sunland sprays to prevent disease at a cost of $3,390 per year and spends $7,910 to maintain the fire lanes and roads. During 2016, Sunland selectively logged and sold 791,000 board feet of timber, of the estimated 3,955,000 board feet. In 2017, Sunland planted new seedlings to replace the trees cut at a cost of $113,000.
(a)
Your answer is incorrect.
Determine the depreciation expense and the cost of timber sold related to depletion for 2016.
Depreciation expense $
Cost of timber sold $
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(b)
Sunland has not logged since 2016. If Sunland logged and sold 1,017,000 board feet of timber in 2027, when the timber cruise (appraiser) estimated 5,650,000 board feet, determine the cost of timber sold related to depletion for 2027.(Do not round intermediate calculations. Round final answers to O decimal places, eg.5,125.)
Cost of timber sold
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