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Jason Company is considering replacing equipment which originally cost $710,000. New equipment costs $610,000 and the old equipment can be sold for $455,000. What is

Jason Company is considering replacing equipment which originally cost $710,000. New equipment costs $610,000 and the old equipment can be sold for $455,000. What is the sunk cost in this situation?

$455,000

$610,000

$710,000

$255,000

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