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Wittaler [7]
3 years ago
6

Concord Corporation has several outdated computers that cost a total of $18000 and could be sold as scrap for $6000. They could

be updated for an additional $2900 and sold. If Concord updates the computers and sells them, net income will increase by $9000. What amount would be considered sunk costs?
Business
1 answer:
DanielleElmas [232]3 years ago
8 0

Answer:

$18,000

Explanation:

Sunk costs refers to a cost that has been expended and cannot be recovered or recouped.

With regards to the above, $18,000 was expended concord by corporations to purchase computers hence cannot be recovered. Therefore, it is a sunk cost.

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