past cost definition
Also referred to as a sunk cost. A past cost is not relevant to a decision.
Also referred to as a sunk cost. A past cost is not relevant to a decision.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.