Swifty Company owns 9,000 acres of timberland purchased in 2006 at a cost of $1,708 per acre. At the time of purchase, the land without the timber was valued at $488 per acre. In 2007. Swifty built fire lanes and roads, with a life of 30 years, at a cost of $102,480. Every year, Swifty sprays to prevent disease at a cost of $3,660 per year and spends $8.540 to maintain the fire lanes and roads. During 2008, Swifty selectively logged and sold 854,000 board feet of timber, of the estimated 4,270,000 board feet. In 2009, Swifty planted new seedlings to replace the trees cut at a cost of $122,000. Part 1 - Your answer is partially correct. Determine the depreciation expense and the cost of timber sold related to depletion for 2008. (Round intermediate calculations to 5 decimal places, e.g. 1.54687 and final answers to O decimal places, eg. 5,125.) 3416 Depreciation expense $ Cost of timber sold $ 2194780 eTextbook and Media Attempts: 1 of 15 used Save for Later Submit Answer Part 2 X Your answer is incorrect. Swifty has not logged since 2008. If Swifty logged and sold 1,098,000 board feet of timber in 2019, when the timber cruise (appraiser) estimated 6,100,000 board feet, determine the cost of timber sold related to depletion for 2019. (Round intermediate calculations to 5 decimal places, e.g. 1.54687 and final answers to decimal places, eg. 5,125.) Cost of timber sold $ 2194780