Delaney Company is considering replacing equipment which originally cost $508,000 and which has $355,600 accumulated...
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Accounting
Delaney Company is considering replacing equipment which originally cost $508,000 and which has $355,600 accumulated depreciation to date. A new machine will cost $722,000. What is the sunk cost in this situation?
a. $121,920
b. $152,400
c. $508,000
d. $569,600
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