Sunk Costs

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Definitions
Relevant Cost
Relevant Cost Decision Making Differential Analysis Managerial Accounting Sunk Costs Future Cost
Relevant costs are expected future costs that vary with different courses of action a manager might take, making them essential for effective decision-making.
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Definitions
Sunk Costs
Sunk Costs Sunk Capital Irrecoverable Expenditure Management Accounting Decision Making Capital Items Asset Valuation
Sunk costs are previous expenditures that cannot be recovered and are typically irrelevant to future decision-making.
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