Forda lumber company owns a 7,000-acre tract of timber purchased in 2007, at a cost of $1300 per acre. at the time of purchase the land was estimated to have a value of $300 per acre without the timber. forda lumber company has not logged this tract since it was purchased. in 2014, forda had the timber cruised. the cruise (appraiser) estimated that each acre had 8,000 board feet of timber. in 2014, forda built 10 miles of roads at a cost of $7840 per mile. after yhe roads were completed, forda logged and sold 3500 trees, containing 850,000 board feet.1. determine the cost of timber sold related to depletion in 2014.2.if forda depreciates the logging roads on the basis of timber cut, determine the deprceiation expense for 2014.3. if forda plants 5 seedlings at a cost of $4 per seedling for each tree cut, how should forda treat the reforestation?

Alpine west, inc., operates a downhill ski area near lake tahoe, california. an all-day, adult ticket can be purchased for $55. adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from december 1 through april 30. the season pass is nontransferable, and the $450 price is nonrefundable. alpine expects its season pass holders to use their passes equally throughout the season. the company’s fiscal year ends on december 31. on november 6, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?