When considering whether to have a new roof installed on a building,the money spent previously on roof repairs to the old roof is the information that is relevant to the business decision.

Question

Quizplus · Accepted Answer

The money spent previously on roof repairs is considered a sunk cost and is not relevant to the decision of installing a new roof. Relevant information would include the cost of the new roof, potential savings from reduced repairs, and any increase in property value.

When Considering Whether to Have a New Roof Installed on a Building,the