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Author Topic: Sunk Cost concept


Alcuin
Administrator
Posts: 963
Sunk Cost concept
on: November 20, 2019, 14:49

Explained..
https://www.jesusandmo.net/

From 'Accounting Tools'..
A sunk cost is a cost that an entity has incurred, and which it can no longer recover. Sunk costs should not be considered when making the decision to continue investing in an ongoing project, since these costs cannot be recovered.29 Dec 2018

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