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JamesLu JamesLu
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8 years ago
Sam's furniture was destroyed by a fire. The furniture cost $1200 when it was purchased, but similar new furniture now costs $1800. Assuming the furniture was 50 percent depreciated, what is the actual cash value of Sam's loss?
A) $600
B) $900
C) $1200
D) $1800
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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ownzore3ownzore3
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8 years ago
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JamesLu Author
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#2
7 years ago
Honestly you're the best
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