In a decision to retain or replace equipment, the book value of the old equipment is a(n)

AB Bank Recruitment Test for Asst.Officer
Held on 10-01-2014

1. In a decision to retain or replace equipment, the book value of the old equipment is a(n)

[AB Bank Asst. Officer-2014 : 2014]

1. opportunity cost

2. sunk cost

3. incremental cost

4. marginal cost

5. None of these

Answer

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