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Jason Company is considering replacing equipment which originally cost $660,000. New equipment costs $560,000 and the old equipment can be sold for $430,000. What is

Jason Company is considering replacing equipment which originally cost $660,000. New equipment costs $560,000 and the old equipment can be sold for $430,000. What is the sunk cost in this situation?

Multiple Choice

$230,000

$660,000

$560,000

$430,000

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