Tamarisk Company owns a 7,000-acre tract of timber purchased in 2011 at a cost of $1,573 per acre. At the time of purchase, the land was estimated to have a value of $373 per acre without the timber. Tamarisk Company has not logged this tract since it was purchased In 2025, Tamarisk had the timber cruised. The cruise (appraiser) estimated that each acre contained 9.200 board feet of timber. In 2025, Tamarisk built 10 miles of roads at a cost of $8,400 per mile. After the roads were completed, Tamarisk logged and sold 4,235 trees containing 1,035,000 board feet. (a) * Your answer is incorrect. Determine the cost of timber sold related to depletion for 2025. (Do not round intermediate calculations. Round final answer to 0 decimal places, e.g. 5,125.) Cost of timber sold . 134550

Tree Lovers Inc. purchased 100 acres of woodland in which the company intends to harvest the complete forest, leaving the land barren and worthless. Tree Lovers paid $3,000,000 for the land. Tree Lovers will sell the lumber as it is harvested and expects to deplete it over five years (23 acres in year one, 30 acres in year two, 24 acres in year three, 10 acres in year four, and 13 acres in year five). Calculate the depletion expense for the next five years. Year 1 $ Year 2 Year 3 $ Year 4 Year 5 Prepare the journal entry for year one. If an amount box does not require an entry, leave it blank. %24 %24 %24 %24 %24

Wildhorse Logging and Lumber Company owns 2,970 acres of timberland on the north side of Mount Leno, which was purchased in 2013 at a cost of $600 per acre. In 2025, Wildhorse began selectively logging this timber tract. In May 2025, Mount Leno erupted. burying the timberland of Wildhorse under a foot of ash. All of the timber on the Wildhorse tract was downed. In addition, the logging roads, built at a cost of $152,200, were destroyed, as well as the logging equipment, with a net book value of $272,600. At the time of the eruption, Wildhorse had logged 20% of the estimated 524,200 board feet of timber. Prior to the eruption, Wildhorse estimated the land to have a value of $210 per acre after the timber was harvested. Wildhorse includes the logging roads in the depletion base. Wildhorse estimates it will take 3 years to salvage the downed timber at a cost of $653,000. The timber can be sold for pulp wood at an estimated price of $2 per board foot. The value of the land is unknown, but…

Concord Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,470 per acre. At the time of purchase, the land without the timber was valued at $420 per acre. In 2010, Concord built fire lanes and roads, with a life of 30 years, at a cost of $88,200. Every year, Concord sprays to prevent disease at a cost of $3,150 per year and spends $7,350 to maintain the fire lanes and roads. During 2011, Concord selectively logged and sold 735,000 board feet of timber, of the estimated 3,675,000 board feet. In 2012, Concord planted new seedlings to replace the trees cut at a cost of $105,000. A-Determine the depreciation expense and the cost of timber sold related to depletion