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 replace the trees cut at a cost of $104,000.(a)Correct answer iconYour answer is correct.Determine the depreciation expense and the cost of timber sold related to depletion for 2011. (Round the final answers to 0 decimal places, e.g. 5,125.)Depreciation expense$ Cost of timber sold$ eTextbook and Media Attempts: 2 of 4 used (b)New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.Marigold has not logged since 2011. If Marigold logged and sold 936,000 board feet of timber in 2022, when the timber cruise (appraiser) estimated 5,200,000 board feet, determine the cost of timber sold related to depletion for 2022. (Round intermediate calculations to 5 decimal places, e.g. 1.54687 and final answers to 0 decimal places, e.g. 5,125.)Cost of timber sold$

Answer Page No © pare en el concept of time ben sold related to depletion have permetin for 20!! :- Cast Depreciation expense = . Disebull life . = $87360 30 years $ 2912 1.. Depreciation expense = $2912 Cost of timbes sold related to depletion . Cost of timber per acre = $1456 - $416 = $ 1040 value of timber 2000 acres x.1040 per acre = $9360000 Kofimated board feet = 3640,000 board feet Page No @ Total cost per board feet = ? 9360000 3640,000 -$2.571428571 Beard feels timber sold - 128000 * $ 2.57142857) = $1872000 ficost of timber sold- to depletion = $1872000 - ೧ Cof 8 kg ಇg Value of timber = 9000 acres x (1456-416) = 100 x (0, 0 E = $9360000 Sale in 2011. = $1842000 Balance value = 9360000 – 1872000 = $7488000 New plantation = $104000 Page No ③ Total value = 4488000 + 104000 $7592000 Estimated board leebe - 5200,000 board feet Cost per feet = 7592000 5200,000 = $1.46 Board feef timber sold = 936000 cost of timber sold = $1146 x 936000 = $1366560 Fii coof of timber sold - 2019 = $1366560 .

Marigold Company owns 9,000 acres of timberland purch…

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Answer Page No © pare en el concept of time ben sold related to depletion have permetin for 20!! :- Cast Depreciation expense

Page No @ Total cost per board feet = ? 9360000 3640,000 -$2.571428571 Beard feels timber sold - 128000 * $ 2.57142857) = $18

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Marigold Company owns 9,000 acres of timberland purchased in 2009 at a cost of $1,456 per acre. At the time

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