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Vaughn Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,610 per acre. At the time of purchase, the land without

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Vaughn Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,610 per acre. At the time of purchase, the land without the timber was valued at $460 per acre. In 2010, Vaughn built fire lanes and roads, with a life of 30 years, at a cost of $96,600. Every year, Vaughn sprays to prevent disease at a cost of $3,450 per year and spends $8,050 to maintain the fire lanes and roads. During 2011, Vaughn selectively logged and sold 805,000 board feet of timber, of the estimated 4,025,000 board feet. In 2012, Vaughn planted new seedlings to replace the trees cut at a cost of $115,000. Your answer is correct. Determine the depreciation expense and the cost of timber sold related to depletion for 2011. (Round intermediate calculations to 5 decimal places, e.g. 1.54687 and final answers to O decimal places, e.g. 5,125.) Depreciation expense $ 3220 Cost of timber sold $ 2070000 e Textbook and Media - Your answer is incorrect. Vaughn has not logged since 2011. If Vaughn logged and sold 1,035,000 board feet of timber in 2019, when the timber cruise (appraiser) estimated 5,750,000 board feet, determine the cost of timber sold related to depletion for 2022. (Round intermediate calculations to 5 decimal places, e.g. 1.54687 and final answers to O decimal places, e.g. 5,125.) Cost of timber sold $ Vaughn Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,610 per acre. At the time of purchase, the land without the timber was valued at $460 per acre. In 2010, Vaughn built fire lanes and roads, with a life of 30 years, at a cost of $96,600. Every year, Vaughn sprays to prevent disease at a cost of $3,450 per year and spends $8,050 to maintain the fire lanes and roads. During 2011, Vaughn selectively logged and sold 805,000 board feet of timber, of the estimated 4,025,000 board feet. In 2012, Vaughn planted new seedlings to replace the trees cut at a cost of $115,000. Your answer is correct. Determine the depreciation expense and the cost of timber sold related to depletion for 2011. (Round intermediate calculations to 5 decimal places, e.g. 1.54687 and final answers to O decimal places, e.g. 5,125.) Depreciation expense $ 3220 Cost of timber sold $ 2070000 e Textbook and Media - Your answer is incorrect. Vaughn has not logged since 2011. If Vaughn logged and sold 1,035,000 board feet of timber in 2019, when the timber cruise (appraiser) estimated 5,750,000 board feet, determine the cost of timber sold related to depletion for 2022. (Round intermediate calculations to 5 decimal places, e.g. 1.54687 and final answers to O decimal places, e.g. 5,125.) Cost of timber sold $

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