The current market value of a previously purchased machine proposed for use in a project is an example of a:
A)sunk cost.
B)opportunity cost.
C)fixed cost.
D)inventoriable cost.

Question

Quizplus · Accepted Answer

The current market value of a machine represents the opportunity cost, as it is the value that could be realized if the machine were sold instead of being used in the project.

The Current Market Value of a Previously Purchased Machine Proposed