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View Policies Current Attempt in Progress Kingbird Timber Company owns 9 , 0 0 0 acres of timberland purchased in 2 0 1 4 at
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Current Attempt in Progress
Kingbird Timber Company owns acres of timberland purchased in at a cost of $ per acre. At the time of purchase, the land without the timber was valued at $ per acre. In Kingbird built fire lanes and roads, with a life of years, at a cost of $ Every year, Kingbird sprays to prevent disease at a cost of $ per year and spends $ to maintain the fire lanes and roads. During Kingbird selectively logged and sold board feet of timber, of the estimated board feet. In Kingbird planted new seedlings to replace the trees cut at a cost of $
a
Determine the depreciation expense and the cost of timber sold related to depletion for
Depreciation expense $
Cost of timber sold $
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b
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