Larkspur company owns a 8,680-acre tract of timber purchased in 2003 at a cost of $1,612 per acre. at the time of purchase, the land was estimated to have a value of $372 per acre without the timber. larkspur company has not logged this tract since it was purchased. in 2017, larkspur had the timber cruised. the cruise (appraiser) estimated that each acre contained 9,920 board feet of timber. in 2017, larkspur built 10 miles of roads at a cost of $9,722 per mile. after the roads were completed, larkspur logged and sold 4,340 trees containing 1,054,000 board feet. correct answer. your answer is correct. determine the cost of timber sold related to depletion for 2017. (round intermediate calculations to 5 decimal places,
e. g. 1.24654 and final answer to 0 decimal places,
e. g. 5,125.) cost of timber sold $entry field with correct answer 131750