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sunk cost

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A past, historical cost. They are called sunk because a past cost cannot be changed and decisions involve only the present and the future.

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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