Teal Company owns9,000acres of timberland purchased in 2006 at a cost of $1,414per acre. At the time of purchase, the land without the timber was valued at $404per acre. In 2007, Teal built fire lanes and roads, with a life of30years, at a cost of $84,840. Every year, Teal sprays to prevent disease at a cost of $3,030per year and spends $7,070to maintain the fire lanes and roads. During 2008, Teal selectively logged and sold707,000board feet of timber, of the estimated3,535,000board feet. In 2009, Teal planted new seedlings to replace the trees cut at a cost of $101,000.

Cost of timber sold?

Teal has not logged since 2008. If Teal logged and sold909,000board feet of timber in 2019, when the timber cruise (appraiser) estimated5,050,000board 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 0 decimal places, e.g. 5,125.)

Cost of timber sold$