Truck is the best example of sunk cost

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Reference no: EM131059071

Valley Forge and Metal purchased a truck five years ago for local deliveries. Which one of the following costs related to this truck is the best example of a sunk cost? Assume the truck has a usable life of eight years.

New tires that will be purchased this winter

Costs of repairs needed so the truck can pass inspection next month

Money spent last month repairing a damaged front fender

Engine tune-up that is scheduled for this afternoon

Cost for a truck driver for the remainder of the truck's useful life

Reference no: EM131059071

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