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What is the difference between actual cash value and replacement cost 2024?

Noah Patel | 2023-06-05 14:11:58 | page views：1424
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Isabella Carter

Studied at the University of Sydney, Lives in Sydney, Australia.
The only difference between replacement cost and actual cash value is a deduction for depreciation. However, both are based on the cost today to replace the damaged property with new property.
2023-06-08 14:11:58
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Harper Wright

QuesHub.com delivers expert answers and knowledge to you.
The only difference between replacement cost and actual cash value is a deduction for depreciation. However, both are based on the cost today to replace the damaged property with new property.
Actual Cash Value vs. Replacement Cost Explained - Allen Financial ...
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