[sk5t]

Suppose you spent $1B on a factory to make blenders + blender marketing + distribution channels, etc. Later, you invest $200MM in another blender concern for a 20% stake. How do you value / account for the first $1B in sunk costs?

[argonaut]

You answered your own question? You don't - it's sunk costs.

[fgonzag]

As a loss obviously, a sunk cost is exactly that: sunk