Which is a sunk cost?
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Which one of the following would be considered a sunk cost?
a. Variable cost of materials to build a new product
b. Additional insurance for a new product line
c. The total amount paid to purchase investment securities last year; the securities have recently declined in value by 50%
d. Expected annual maintenance costs for new equipment
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c. The total amount paid to purchase investment securities last year; the securities have recently declined in value by ...
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