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Summer 20 Corp is planning to purchase a new machine to replace an old machine. The old machine originally cost $20,000 and can be sold
Summer 20 Corp is planning to purchase a new machine to replace an old machine. The old machine originally cost $20,000 and can be sold for $1,000. Potential maintenance cost if the old machine is kept is estimated to be $5,000. The new machine will cost $23,000. What is the sunk cost in this decision.
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