Actual Cash Value (ACV) is a method of valuing insured property. Actual Cash Value (ACV) is computed by subtracting depreciation from the replacement cost. The depreciation is usually calculated by establishing a useful life of the item and determining what percentage of that life remains. This percentage times the replacement cost gives the ACV.
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Actual Cash Value (ACV)
Saturday, June 5, 2010Posted by investingport.com at 1:03 AM
Labels: Actual Cash Value, ACV
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