Sunk Cost Definition
Sunk Cost Definition:
Sunk cost is any cost that has already been incurred and that cannot be changed by any decision made now or in the future.
Other Related Accounting Articles:
- Make or Buy Decision Definition
- Preference Decision Definition
- How to Account Warranties
- Screening Decision Definition
- The Cost Method of Investment Accounting
- Sell or Process Further Decision Definition
- Relevant Cost
- Variable Spending Variance Definition
- Quality Costs Definition
- Relevant Costing Technique
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