Tommy Timber Company is a logging company operating out of the Pacific Northwest of the...
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Tommy Timber Company is a logging company operating out of the Pacific Northwest of the United States. The company paid $5,840,000 to acquire a forest with 200,000 trees. The company extracted 90,000 trees in Year 1 and 80,000 trees in Year 2 . Required: a. Compute the depletion charge per unit. Note: Do not round your intermediate calculations. Round your answers to 1 decimal place. b. Compute depletion expense for Years 1 and 2
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You can see the logs in the Dashboard.