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Congratulations! You have won to build a more sustainable house of your choice. With the goal of maximizing energy efficiency, what type of house would you build? How large would it be? Where would you locate it? What types of materials would you use? What types of materials would you not use? How would you heat and cool the house? How would you heat water? What types of lighting, stove, refrigerator, washer, and dryer would you use? Which, if any, of these appliances could you do without?
South African Gold Mines, Inc. is writing off its $210 million investment using the cost depletion method. An estimated 700,000 ounces of gold are available in its developed mines. This year 35,000 ounces were produced at an average price of$400 per ounce. The depletion for the year is closest to: (a) $2.1 million, which is 15% of the gross income of$14.0 million (b) $2.4 million (c)$10.5 million (d) $42 million, which is 15% of the gross income of$280 million