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A business purchased a delivery truck 5 years ago at a cost of $46,000. It...

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Accounting

A business purchased a delivery truck 5 years ago at a cost of $46,000. It is now planning to replace that truck with a newer one, which would cost $56,000. The old truck has a trade-in value of approximately $13,000. (a1) How much of these truck costs represent sunk costs?

Sunk cost = ?

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