Which of the following statements is incorrect regarding the asset replacement decision Depreciation expense on an old building or equipment is an example of a sunk cost. Addison Company is using a hole punching machine that originally cost $80,000 and has a current market value of $45.000 The $45.000 5 a measure of the opportunity cost for continuing to use the machine The purchase price of an old machine is relevant to the decision of whether or not to replace an old machine The tha imated Salvage of new equipments relevant to the decision to purchase the new equipment even though it wa t the end of the et seule