A Company owns 9,000 acres of timberland purchased in 2006 at a cost of $1,722 per...
A Company owns 9,000 acres of timberland purchased in 2006 at a cost of $1,722 per acre. At the time of purchase, the land without the timber was valued at $492 per acre. In 2007, They built fire lanes and roads, with a life of 30 years, at a cost of $103,320. Every year, they sprays to prevent disease at a cost of $3,690 per year and spends $8,610 to maintain the fire lanes and roads. During 2008, the company selectively logged and sold 861,000 board feet of timber, of the estimated 4,305,000 board feet. In 2009, the company planted new seedlings to replace the trees cut at a cost of $123,000.
The company has not logged since 2008. If they logged and sold 1,107,000 board feet of timber in 2019, when the timber cruise (appraiser) estimated 6,150,000 board feet, determine the cost of timber sold related to depletion for 2019.
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A Company owns 9,000 acres of timberland purchased in 2006 at a
cost of $1,722 per...
owns 9,000 acres of timberland purchased in E11-19 (L04) (Depletion Computations-Timber) Stanislaw Timber Company 2006 at...
owns 9,000 acres of timberland purchased in E11-19 (L04) (Depletion Computations-Timber) Stanislaw Timber Company 2006 at a cost of $1,400 per acre. At the time of purchase, the land without the timber was valued at $400 per acre. In 2007 Stanislaw built fire lanes and roads, with a life of 30 years, at a cost of $84,000. Every year, Stanislaw sprays to prevent disease at a cost of S3,000 per year and spends $7,000 to maintain the fire lanes and...
Bonita Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,526 per...
Bonita Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,526 per acre. At the time of purchase, the land without the timber was valued at $436 per acre. In 2010, Bonita built fire lanes and roads, with a life of 30 years, at a cost of $91,560. Every year, Bonitasprays to prevent disease at a cost of $3,270 per year and spends $7,630 to maintain the fire lanes and roads. During 2011, Bonita selectively logged...
E11-19 (Depletion Computations—Timber) Stanislaw Timber Company owns 9,000 acres of timberland purchased in 2003 at a...
E11-19 (Depletion Computations—Timber) Stanislaw Timber Company owns 9,000 acres of timberland purchased in 2003 at a cost of $1,400 per acre. At the time of purchase, the land without the timber was valued at $400 per acre. In 2004, Stanislaw built fire lanes and roads, with a life of 30 years, at a cost of $84,000. Every year, Stanislaw sprays to prevent disease at a cost of $3,000 per year and spends $7,000 to maintain the fire lanes and roads....
owns 9,000 acres of purchased in 2006 at a cost of $1,638 per acre. At the...
owns 9,000 acres of purchased in 2006 at a cost of $1,638 per acre. At the time of purchase, the land without the timber was valued at $468 per acre. In 2007, Pharoah built fire lanes and roads, with a life of 30 years, at a cost of $98,280. Every year, Pharoah sprays to prevent disease at a cost of $3,510 per year and spends $8,190 to maintain the fire lanes and roads. During 2008, Pharoah selectively logged and sold...
Marigold Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,456 per acre. At the time of purchase, the land without the timber was valued at $416 per acre. In 2010, Marigold built fire lanes and roads, with a life of 30 years, at a c
Marigold Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,456 per acre. At the time of purchase, the land without the timber was valued at $416 per acre. In 2010, Marigold built fire lanes and roads, with a life of 30 years, at a cost of $87,360. Every year, Marigold sprays to prevent disease at a cost of $3,120 per year and spends $7,280 to maintain the fire lanes and roads. During 2011, Marigold selectively logged and sold 728,000 board feet of timber, of the estimated 3,640,000 board feet. In 2012, Marigold planted new seedlings to...
Stellar Company owns a 7,500-acre tract of timber purchased in 2006 at a cost of $1,339...
Stellar Company owns a 7,500-acre tract of timber purchased in 2006 at a cost of $1,339 per acre. At the time of purchase, the land was estimated to have a value of $339 per acre without the timber. Stellar Company has not logged this tract since it was purchased. In 2020, Stellar had the timber cruised. The cruise (appraiser) estimated that each acre contained 8,240 board feet of timber. In 2020, Stellar built 10 miles of roads at a cost...
Grouper Company owns a 7,700-acre tract of timber purchased in 2006 at a cost of $1,404...
Grouper Company owns a 7,700-acre tract of timber purchased in
2006 at a cost of $1,404 per acre. At the time of purchase, the
land was estimated to have a value of $324 per acre without the
timber. Grouper Company has not logged this tract since it was
purchased. In 2020, Grouper had the timber cruised. The cruise
(appraiser) estimated that each acre contained 8,640 board feet of
timber. In 2020, Grouper built 10 miles of roads at a cost...
Stellar Company owns a 7,500-acre tract of timber purchased in 2006 at a cost of $1,339...
Stellar Company owns a 7,500-acre tract of timber purchased in 2006 at a cost of $1,339 per acre. At the time of purchase, the land was estimated to have a value of $339 per acre without the timber. Stellar Company has not logged this tract since it was purchased. In 2020, Stellar had the timber cruised. The cruise (appraiser) estimated that each acre contained 8,240 board feet of timber. In 2020, Stellar built 10 miles of roads at a cost...
Question 2 of 9 0.5/1 E View Policies Show Attempt History Current Attempt in Progress Bonita...
Question 2 of 9 0.5/1 E View Policies Show Attempt History Current Attempt in Progress Bonita Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,526 per acre. At the time of purchase, the land without the timber was valued at $436 per acre. In 2010, Bonita built fire lanes and roads, with a life of 30 years, at a cost of $91,560. Every year, Bonita sprays to prevent disease at a cost of $3,270 per...
Larkspur Company owns a 7,000-acre tract of timber purchased in 2006 at a cost of $1,417...
Larkspur Company owns a 7,000-acre tract of timber purchased in 2006 at a cost of $1,417 per acre. At the time of purchase, the land was estimated to have a value of $317 per acre without the timber. Larkspur Company has not logged this tract since it was purchased. In 2020, Larkspur had the timber cruised. The cruise (appraiser) estimated that each acre contained 8,720 board feet of timber. In 2020, Larkspur built 10 miles of roads at a cost...
owns 9,000 acres of timberland purchased in E11-19 (L04) (Depletion Computations-Timber) Stanislaw Timber Company 2006 at a cost of $1,400 per acre. At the time of purchase, the land without the timber was valued at $400 per acre. In 2007 Stanislaw built fire lanes and roads, with a life of 30 years, at a cost of $84,000. Every year, Stanislaw sprays to prevent disease at a cost of S3,000 per year and spends $7,000 to maintain the fire lanes and...
owns 9,000 acres of purchased in 2006 at a cost of $1,638 per acre. At the time of purchase, the land without the timber was valued at $468 per acre. In 2007, Pharoah built fire lanes and roads, with a life of 30 years, at a cost of $98,280. Every year, Pharoah sprays to prevent disease at a cost of $3,510 per year and spends $8,190 to maintain the fire lanes and roads. During 2008, Pharoah selectively logged and sold...
Grouper Company owns a 7,700-acre tract of timber purchased in
2006 at a cost of $1,404 per acre. At the time of purchase, the
land was estimated to have a value of $324 per acre without the
timber. Grouper Company has not logged this tract since it was
purchased. In 2020, Grouper had the timber cruised. The cruise
(appraiser) estimated that each acre contained 8,640 board feet of
timber. In 2020, Grouper built 10 miles of roads at a cost...
Question 2 of 9 0.5/1 E View Policies Show Attempt History Current Attempt in Progress Bonita Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,526 per acre. At the time of purchase, the land without the timber was valued at $436 per acre. In 2010, Bonita built fire lanes and roads, with a life of 30 years, at a cost of $91,560. Every year, Bonita sprays to prevent disease at a cost of $3,270 per...
Larkspur Company owns a 7,000-acre tract of timber purchased in 2006 at a cost of $1,417 per acre. At the time of purchase, the land was estimated to have a value of $317 per acre without the timber. Larkspur Company has not logged this tract since it was purchased. In 2020, Larkspur had the timber cruised. The cruise (appraiser) estimated that each acre contained 8,720 board feet of timber. In 2020, Larkspur built 10 miles of roads at a cost...
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