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Summer 20 Corp is planning to purchase a new machine to replace an old machine. The old machine originally cost $15,000 and can be sold

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Summer 20 Corp is planning to purchase a new machine to replace an old machine. The old machine originally cost $15,000 and can be sold for $1,000. Potential maintenance cost of the old machine is kept is estimated to be $3,000. The new machine will cost $24,000. What is the sunk cost? $24,000 $3,000 $1,000 $15,000

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