Hartley's Meat Pies is considering replacing its existing delivery van with a new one. The new van can offer considerable savings in operating costs. Information about the existing van and the new van follow:

Existing van New van

Original cost $59,000 $91,000

Annual operating cost $19,500 $11,000

Accumulated depreciation $33,000

Current salvage value of the existing van $26,500

Remaining life 9 years 9 years

Salvage value in 9 years $ 0 $ 0

Annual depreciation $2,889 $10,111

Sunk costs include ________.

	1.	the accumulated depreciation of the existing van
	2.	the original cost of the new van
	3.	the current salvage value of the existing van
	4.	the annual operating cost of the new van