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what is sunk cost

Answer Posted / 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



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