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Raven Company is considering replacing equipment which originally cost 5500,000 and which has $420,000 accumulated deprecation to date. A new machine will cost $790,000. What

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Raven Company is considering replacing equipment which originally cost 5500,000 and which has $420,000 accumulated deprecation to date. A new machine will cost $790,000. What is the sunk cost in this situation? $370,000 $790,000 $80,000 $290,000 None of the above

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