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The Schoeffler Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $30,000. If these calculators are upgraded at

The Schoeffler Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $30,000. If these calculators are upgraded at a total cost of $15,000, they can be sold for a total of $40,000. As an alternative, the calculators can be sold in their present condition for $14,000.

The sunk cost in this situation is:

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