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TEK, Inc, Is Considering Whether to Replace a Production Machine with with a Newer

Question 41

Multiple Choice

TEK, Inc., is considering whether to replace a production machine with a newer model of the same machine. If TEK keeps the old machine, the trade-in value of the old equipment is an example of a(n)


A) sunk cost.
B) opportunity cost.
C) avoidable cost.
D) imputed cost.

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