Vaughn Logging and Lumber Company owns 3,130 acres of timberland on the north side of Mount Leno, which was purchased in 2008 at a cost of $560 per acre. In 2020, Vaughn began selectively logging this timber tract. In May 2020, Mount Leno erupted, burying the timberland of Vaughn under a foot of ash. All of the timber on the Vaughn tract was downed. In addition, the logging roads, built at a cost of $150,400, were destroyed, as well as the logging equipment, with a net book value of $280,600. At the time of the eruption, Vaughn had logged 20% of the estimated 558.250 board feet of timber. Prior to the eruption, Vaughn estimated the land to have a value of $180 per acre after the timber was harvested. Vaughn includes the logging roads in the depletion base. Vaughn estimates it will take 3 years to salvage the downed timber at a cost of $699,200. The timber can be sold for pulp wood at an estimated price of $3 per board foot. The value of the land is unknown, but must be considered nominal due to future uncertainties. Determine the depletion cost per board foot for the timber harvested prior to the eruption of Mount Leno, Round per unit onswer to 2 decimai places, eg. 0.451 Depletion cost per board foot Prepare the journal entry to record the depletion prior to the eruption. (If no entry is required, select "No entry" for the account ritles and enter O for the amounts. Round per unit onswer to 2 decimal ploces, eg. 0.45 for computational purpose and final answers to 0 decimal places, eg. 45,892. Credit account tities are automatically indented when amount is entered, Do not indent manualhy