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A company purchases machinery costing $50,000 in October of 2006. Five years later they discover that a better, more efficient machine they could purchase to replace the existing machine. The new machine will cost $90,000 and the company has determined that they would be able to sell the original machine for $30,000.in making the decision about buying the new machine, how much are total sunk costs?

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Accounting Basics, Accounting

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