Thank you for the opportunity to help you with your question!
A cost that has already been incurred and thus cannot be recovered. A
sunk cost differs from other, future costs that a business may face,
such as inventory costs or R&D expenses, because it has already
happened. Sunk costs are independent of any event that may occur in the
Please let me know if you need any clarification. I'm always happy to answer your questions.
Oct 6th, 2015
Did you know? You can earn $20 for every friend you invite to Studypool!