In a decision to retain or replace equipment, the book value of the old equipment is a(n):
Question:
In a decision to retain or replace equipment, the book value of the old equipment is a(n):
(a) opportunity cost.
(c) incremental cost.
(b) sunk cost.
(d) marginal cost.
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9780470534786
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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