Below Are Some Financial Data for the Do Drop in Convenience

question 139

Multiple Choice

Below are some financial data for the Do Drop In convenience store.
The owners have put $40,000 into the business and they worked a total of 80 hours during the week.Savings accounts are currently paying 5.2% interest and the going wage rate is $8 per hour.
-What is the term for the historical costs of buying plant,machinery and equipment that have no current resale value?

• A)Sunk cost.
• B)Depreciation.
• C)Short run cost.
• D)Long run cost.
• E)Implicit cost.

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