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Swifty Company owns a 7,000-acre tract of timber purchased in 2006 at a cost of $1,417 per acre. At the time of purchase, the land

Swifty Company owns a 7,000-acre tract of timber purchased in 2006 at a cost of $1,417 per acre. At the time of purchase, the land was estimated to have a value of $317 per acre without the timber. Swifty Company has not logged this tract since it was purchased. In 2020, Swifty had the timber cruised. The cruise (appraiser) estimated that each acre contained 8,720 board feet of timber. In 2020, Swifty built 10 miles of roads at a cost of $8,400 per mile. After the roads were completed, Swifty logged and sold 3,815 trees containing 926,500 board feet.

(a) Determine the cost of timber sold related to depletion for 2020. (Round answer to 0 decimal places, e.g. 5,125.)

Cost of timber sold $

(B) Answer?

(C) Answer?

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