Rayonier Forrest Resources Purchased A Small Tract Of Timber Land For $70,000 That Contained 25,000 Trees. The Value Of The Land Was Estimated To Be $20,000. In The First Year Of Operation, The Lumber Company Cut Down 7000 Trees. According To The Cost Depletion Method, The Depletion Deduction For Year 1 Is Closest To: (Hint: Value Of Land Cannot Be Depreciated Or Depleted.) A. $2000b. $7000c. $10,000d. $14,000

Rayonier Forrest Resources purchased a small tract of timber land for $70,000 that contained 25,000 trees. The value of the land was estimated to be $20,000. In the first year of operation, the lumber company cut down 7000 trees. According to the cost depletion method, the depletion deduction for year 1 is closest to: (Hint: Value of land cannot be depreciated or depleted.) a. $2000b. $7000c. $10,000d. $14,000

- October 5, 2022 - Edwin Tunner

Rayonier Forrest Resources purchased a small tract of timber land for $70,000 that contained 25,000 trees. The value of the land was estimated to be $20,000. In the first year of operation, the lumber company cut down 7000 trees. According to the cost depletion method, the depletion deduction for year 1 is closest to: (Hint: Value of land cannot be depreciated or depleted.)

a. $2000
b. $7000
c. $10,000
d. $14,000

Tired of numerous paper assignments?

Rely on us and receive professional paper writing assistance!

Order Now

Who We Are

We are a professional website for customized writing. If you searched a question and stumbled into our website, you are in the right place to receive assistance with your coursework.

Do you handle any type of coursework?

Yes. We have displayed prior orders to demonstrate our experience. We can answer this question for you as we have previously. Please fill out our Order Form so that we may ensure its flawlessness. Correctly completing the order form will help our staff with reference, requirements, and future communication.

Is it hard to Place an Order?

Click on the “Order Now” tab at the top menu or “GET A FREE QUOTE” icon at the bottom and a new page will appear with an order form to be filled
Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process. Submit detailed paper instructions, upload necessary files if needed and provide your contact information – you are almost done!
Proceed with the payment- click on “PROCEED TO CHECKOUT” at the bottom of the page. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it. All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.
Delivery- Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it.