What is a sunk cost? How should sunk costs be handled when making decisions?

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Construction Accounting And Financial Management

ISBN: 9780135232873

4th Edition

Authors: Steven J. Peterson

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Question Posted: Jul 28, 2023 08:33 AM

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What is a sunk cost? How should sunk costs be handled when making decisions?

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A sunk cost refers to a cost that has already been incurred and cannot be recovered regardless of any future action or decision These costs are in the ...View the full answer

Construction Accounting And Financial Management

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