Question 6 Spicer Company is contemplating the replacement of an old machine with a new one. The following information has been gathered: Old Machine New Machine Price $ 390,000 $ 530,000 Accumulated Depreciation 180,000 -0- Remaining useful life 6 years -0- Useful life -0- 10 years Annual operating costs $ 167,000 $ 151,500 If the old machine is replaced, it can be sold for $120,000. Which of the following amounts is a sunk cost? $151,500 $180,000 $210,000 $167,000