Accountancy, asked by ayushichoubey37351, 10 months ago

An irrecoverable cost which is caused by complete abandonment of a plant

Answers

Answered by majhistiti93

Explanation:

Cost Concept # 4.

A sunk cost is an irrecoverable cost and is caused by complete abandonment of a plant. It is the written down value of the abandoned plant less its salvage value.

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