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past cost

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

Also referred to as a sunk cost. A past cost is not relevant to a decision.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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