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Rayonier Forrest Resources purchased a small tract of timberland for $70,000 that contained 25,000 trees. The value of the bare land was estimated to be $20,000. The annual percentage depletion factor for timber is 10%. 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 would be closest to:
(a) $2000

(b) $7000
(c) $10,000

(d) $14,000

How does the process of photosynthesis contribute to the production of oxygen in plants?

Which part of trees are normally use for timber 

Who invented science

Ans:Most consider Aristotle as the first scientist — in an absolute sense. In the fourth century B.C., Aristotle gave unprecedented theories and developed ideas that shape scientific logic and observation as we know it today.