A cost that has been incurred in the past, cannot be recouped, and is not relevant to future decisions is termed a Sunk Cost.
Sunk cost, in economics and finance, is a price that has already been incurred and that can not be recovered. In economic choice-making, sunk charges are dealt with as bygone and aren't considered when determining whether to hold a funding challenge.
A sunk cost, sometimes known as a retrospective cost, refers to funding already incurred that cannot be recovered. Examples of sunk expenses in an enterprise encompass advertising, studies, new software installation or equipment, salaries, and advantages, or facilities expenses.
Sunk costs and fixed costs are different types of prices. A sunk cost is constantly a hard and fast fee as it cannot be modified or altered. a fixed price, but, is not a sunk fee, because it may be stopped, for instance, inside the sale or go back of an asset. Accounting. How fixed and Variable costs affect Gross earnings.
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