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

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Accounting

Kingbird Company owns a 7,500-acre tract of timber purchased in 2011 at a cost of $1,599 per acre. At the time of purchase, the landIf Kingbird depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2025.(Do not round
intermediate calculations. Round final answer to 0 decimal places, e.g.5,125.)
Depreciation expense $
was estimated to have a value of $399 per acre without the timber. Kingbird Company has not logged this tract since it was purchased.
In 2025, Kingbird had the timber cruised. The cruise (appraiser) estimated that each acre contained 9,840 board feet of timber. In
2025, Kingbird built 10 miles of roads at a cost of $8,460 per mile. After the roads were completed, Kingbird logged and
sold 4,305 trees containing 1,025,000 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 $
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