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Spacely Sprockets is evaluating the construction of a new plant on land the company purchased for $2 million last year. The current value of the

Spacely Sprockets is evaluating the construction of a new plant on land the company purchased for $2 million last year. The current value of the land is best described as:

A. opportunity cost

B. fixed cost

C. erosion

D. salvage value

E. sunk cost

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