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Headland Company owns a 7,500-acre tract of timber purchased in 2011 at a cost of...

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Accounting

image Headland Company owns a 7,500-acre tract of timber purchased in 2011 at a cost of $1,521 per acre. At the time of purchase, the land was estimated to have a value of $321 per acre without the timber. Headland Company has not logged this tract since it was purchased. In 2025, Headland had the timber cruised. The cruise (appraiser) estimated that each acre contained 9,000 board feet of timber. In 2025 , Headland built 10 miles of roads at a cost of $7,800 per mile. After the roads were completed, Headland logged and sold 4,095 trees containing 990,000 board feet. (a) 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 $

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