Sunk costs are costs incurred in the past to acquire assets or resources. are not relevant to
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Sunk costs are costs incurred in the past to acquire assets or resources. are not relevant to making decisions because they cannot be changed regardless of which future course of action is taken. are not recoverable regardless of current cir- cumstances.
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Related Book For 
Cost Accounting Foundations And Evolutions
ISBN: 9780324235012
6th Edition
Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn
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