Suppose you lease equipment for a non-refundable cost of $5000. You soon realize you made an error and you cannot really use the equipment. But it is a done deal. A person comes along and offers you $2000 for the equipment. Should you do this? Why or why not?

Answer rating: 100% (QA)

Answer In this scenario the key factors to consider are the sunk cost of 5000 for leasing the equipm... View the full answer