What amount would a person with actual cash value (ACV) coverage receive for two-year-old furniture destroyed by a fire? The furniture would cost $1,000 to replace today and had an estimated life of five years.

$600

Explanation:

The actual cash value coverage to be received for the two-year old furniture is equivalent to the replacement cost today minus estimated depreciation amount that would have been charged on the furniture till date.

replacement cost is $1,000

estimated depreciation till date=$1000/useful life*number of years the furniture has been put to use

estimated depreciation=$1,000/5*2=$400

actual cash value coverage =$1000-$400=$600

All in all,the amount that a person with actual cash value coverage would receive today on the furniture is $600

a. primarily outdoors, responding to emergencies and protecting people.

have a nice day!

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.