📒
The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :
Accountingmedium
AUncontrollable cost
Sunk cost
CAvoidable cost
DOpportunity cost
Correct Answer: B. Sunk cost
Related Questions
Accounting
The assets which have some market value are called ____________?
Accounting
Assets having physical existence are called ___________?
Accounting
When owner withdraw cash for its private use, it is called ___________?
Accounting
Building and furniture are called ____________?
Accounting
Which of the following is true about a trial balance?