a.Which of the data provided in the table is a sunk cost?

b.The difference between keeping the old machine and replacing the old machine is: please make a table

c.What should they do?

Replace machine: Woods, Inc. is considering replacing a machine. The following data are available: Replacement Old Machine Machine Original cost $45,000 $35,000 Useful life in years 10 5 Current age in years 5 0 Book value $25,000 - Disposal value now $8,000 - Disposal value in 5 years 0 0 Annual cash operating costs $7,000 $4,000