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
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
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 7PB: Tree Lovers Inc. purchased 2,500 acres of woodland in which it intends to harvest the complete...
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