On February 20,2016,Genoa Mining Company Incurred Costs of $3,600,000 to Acquire

question 123

Essay

On February 20,2016,Genoa Mining Company incurred costs of $3,600,000 to acquire and prepare to extract an estimated 4,000,000 tons of mineral deposits.In 2016,450,000 tons of ore were mined.At the beginning of 2017,Genoa geologists estimated that 3,900,000 tons of ore still remained.In 2017,700,000 tons of ore were mined.
Required:
Compute depletion for 2016 and 2017.

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Definitions:

Muscle

Tissues in the body that have the ability to contract, making movement possible.

Epithelial

Relating to epithelium, a tissue composed of a layer of cells that line the surfaces and cavities of organs and vessels throughout the body.

Connective

Referring to connective tissue, which supports, binds together, and protects tissues and organs in the body.

Nerve

A bundle of fibers that transmits electrical impulses between the brain and parts of the body, facilitating communication and response.