21.1 A business is considering whether or not to invest in a new factory building. The managers...

Question:

21.1 A business is considering whether or not to invest in a new factory building. The managers have incurred expenditure of £15 000 on an initial land survey. For capital investment appraisal purposes this expenditure is:

a) a fixed cost

b) a relevant cost

c) a sunk cost

d) an estimated cost.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: