Multiple Choice
Raven Company is considering replacing equipment which originally cost $500,000 and which has $420,000 accumulated depreciation to date. A new machine will cost $790,000. What is the sunk cost in this situation?
A) $370,000
B) $790,000
C) $80,000
D) $290,000
Correct Answer:
Verified
Correct Answer:
Verified
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