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Gagan Mishra

Job Interview Skills
English
2 years ago

50. Explain The Meaning Of Sunk Costs?

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Abhishek Mishra

2 years ago

Historical costs incurred in the past are known as sunk costs. They play no role in decision making in the current period. For example, in the case of a decision relating to the replacement of a machine the written down value of the existing machine is a sunk cost .

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