Saved On February 20. 2016. Genoa Mining Company incurred costs of $2,400,000 to acquire and prepare to extract an estimated 3,000,000 tons of mineral deposits. In 2016 350,000 tons of ore were mined. At the beginning of 2017, Genoa geologists estimatecd that 2,900,000 tons of ore still remained. In 2017, 600,000 tons of ore were mined. Required: Compute depletion for 2016 and 2017. (Do not round intermediate calculations and round your answers to the nearest whole dollar amount.) points Print 2016 2017 Depletion