Crane Timber Compary owns 9 , 0 0 0 acres of timberland purchased in 2 0 1
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Question:
Crane Timber Compary 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 Crane built fre lanes and roads, with a life of years, at a cost of $ Every year, Crane sprays to prevent disease at a cost of $ per year and spends $ to maintain the fire lanes and roads. During Crane selectively logged and sold board feet of timber, of the estimated board feet. In Crane planted new seedlings to replace the trees cut at Blue has not logged since If Blue logged and sold board feet of timber in when the timber cruise appraiser estimated board feet, determine the cost of timber sold related to depletion for
o decimal places, es Cost of timber sold $
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