Solved

Suppose That You Close Down Your Coffee Shop and Sell

Question 58

Multiple Choice

Suppose that you close down your coffee shop and sell your coffee maker for $500. If you originally bought the coffee maker for $4,000 and it lost $1,000 because of depreciation (i.e., age and use) , the sunk cost of the coffee maker is:


A) $3,500.
B) $3,000.
C) $2,500.
D) $1,500.

Correct Answer:

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