The Resetting of a Mineral's Time Clock Means That

question 142

Multiple Choice

The resetting of a mineral's time clock means that

• A)a mineral can be formed and reformed again and again.
• B)the date obtained will be the date of the metamorphic event,not the date of the rock's formation.
• C)the date obtained will be the date of the rock's formation,not the date of the metamorphic event.
• D)minerals can tell time just like a clock can tell time.

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Definitions:

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance expenses.

Depreciation

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life.

Contribution Margin

The amount by which sales revenue exceeds variable costs, used to cover fixed costs and generate profit.

Depreciation Expense

The allocation of the cost of a tangible or physical asset over its useful life, reflecting the decrease in value over time.