31 A company is contemplating the replacement of an old machine with a new one. The company has gathered the following information: Price Accumulated depreciation Old Machine $200,000 115,000 Remaining useful life 5 years New Machine $400,000 Useful life Annual operating costs The salvage value for the old machine is $90,000. Which amount is a sunk cost? -0- $640,000 5 years $480,000 $640,000 $175,000 $480,000 $85,000 NEXT > BOOKMARK