In a decision to retain or replace equipment, the book value of the old equipment is a(n): (a) opportunity cost. (b) sunk cost. (c) incremental cost. (d) marginal cost.


In a decision to retain or replace equipment, the book value of the old equipment is a(n):


(a) opportunity cost.


(b) sunk cost.


(c) incremental cost.


(d) marginal cost.

Nov 11, 2021
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