Multiple Choice Question 147 Bonita Industries is contemplating the replacement of an old machine with a new one. The following information has been gathered: New Machine Price Old Machine $390000 117000 $780000 -0- 10 years -0- Accumulated Depreciation Remaining useful life Useful life Annual operating costs 10 years -0- $312000 $234000 If the old machine is replaced, it can be sold for $31200. Which of the following amounts is a sunk cost? $273000 $312000 $234000 $780000