Sunk expenses and inescapable costs are examples of irrelevant costs. Sunk costs are historical expenses that the company has already incurred or paid for and which won't be impacted by actions made in the future. Costs that the business will bear regardless of its choice are those that cannot be avoided.
Sunk expenses are among the useless costs. future expenses that are consistent across all options. Expenses that have been incurred but cannot be recovered are known as sunken costs. It shouldn't be taken into account when choosing future actions. It is a pointless expense.
Relevant costs include future expenses that don't change depending on the choice. Sunk costs are not important when making decisions because they were already incurred. However, not all unnecessary expenses are sunk costs.
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