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what is sunk cost
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Answer / krishnachaitanyanellore
Sunk cost is the historical cost incurred in the past. This
may not be useful for the decision making process.
Ex: To dispose my machinery I have no use of knowing how
much it is depreciated till now.What I want is just the
current market price.
So,Sunk cost is immaterial.
| Is This Answer Correct ? | 45 Yes | 6 No |
Answer / guest
cost which have been incurred but not reversible
| Is This Answer Correct ? | 35 Yes | 3 No |
Answer / adnan ishaq
Sunk Cost is irrelevent for decision Making
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / chalapathi rao govada
Sunk cost are those costs which are incurred in the past.
So all historical costs are the examples of sunk cost.
From the decision making purposes all sunk costs are
irrelevent for decision making.
| Is This Answer Correct ? | 19 Yes | 2 No |
Answer / piali sinha,btech n.e.h.u
it is a kind of cost ,if made once cannot be incurred .
for eg:when TATA MOTORS had set up the nano plant in west
best bengal .it was welcome by protests by the farmers of
the nearby area since it may pose a threat to their
farmland so atlast they had to shift the nano plant to
gujrat after bearing a huge loss.
| Is This Answer Correct ? | 16 Yes | 2 No |
Answer / priyanka
cost which we incurred in past on some asset is known as
sunk cost
because now if we sell that asset we will not get the same
cost so it is considered as sunk cost
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / rajesh
A past, historical cost. They are called sunk because a
past cost cannot be changed and decisions involve only the
present and the future
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / chandu
sunk cost means which cost was incurred , it was not
reversed .Means it is unrecoverable cost.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / divya sharma
Sunk cost: Cost that result from an expenditure made in the past and can not be changed by present or future decisions.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / saima nasir chuhdary
cost which have been incurred in past but not
recoverable.
| Is This Answer Correct ? | 1 Yes | 0 No |
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