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papahomer papahomer
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6 years ago
J&P Accounting purchased new tax software two years ago.  The software is still useable, but faster, more comprehensive software is available.  If J&P purchases the new software, the cost of the old software is
A) a sunk cost.
B) an opportunity cost.
C) a terminal expense.
D) an overhead expense.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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David_hessDavid_hess
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6 years ago
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