Raptor Company is considering replacing equipment which originally cost $500,000 and which has $460,000 accumulated depreciation to date. A new machine will cost $790,000 and the old equipment can be sold for $8,000. What is the sunk cost in this situation?
A) $53,000
B) $40,000
C) $37,000
D) $290,000
B
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What will be an ideal response?
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Indicate whether the statement is true or false