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Which of the Following Conditions Is Necessary in Order to Consider

Question 124

Multiple Choice

Which of the following conditions is necessary in order to consider a cost a sunk cost?


A) It must have occurred over six months ago.
B) It must have occurred as a result of the purchase of a fixed asset.
C) It must have occurred as a result of the purchase of a fixed asset and have no resale value.
D) It must have occurred as a result of the purchase of a fixed asset and be fully paid for.

Correct Answer:

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