Question: When making a decision whether to keep an existing piece of equipment or replace it, which of the following is (are) considered a sunk cost?

When making a decision whether to keep an existing piece of equipment or replace it, which of the following is (are) considered a sunk cost? Multiple choice question. Neither the original purchase price or annual depreciation expense. Only the annual depreciation expense. Both the original purchase price and annual depreciation expense. Only the original purchase price.

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