A company purchased a tract of land for its natural resources at a cost of $1,000,000.It expects to harvest 5,000,000 board feet of timber from this land.The salvage value of the land is expected to be $200,000.The depletion expense per board foot of timber is:
A)$0.75.
B)$0.24.
C)$0.20.
D)$0.16.
E)$0.04.

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The Answer of A company purchased a tract of land for its natural resources at a cost of $1,000,000.It expects to harvest 5,000,000 board feet of timber from this land.The salvage value of the land is expected to be $200,000.The depletion expense per board foot of timber is:
A)$0.75.
B)$0.24.
C)$0.20.
D)$0.16.
E)$0.04.

A Company Purchased a Tract of Land for Its Natural