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What is the difference between actual cash value and replacement cost 2024?
cash value replace
Questioner:Sophia Taylor 2023-06-05 14:11:58
The most authoritative answer in 2024
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Ava Jackson——Studied at Stanford University, Lives in Palo Alto, CA
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.
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