James high end laptop was stolen at the coffee shop. He built it himself 2 years...
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James high end laptop was stolen at the coffee shop. He built it himself 2 years ago. The total parts cost $3,000. A laptop with the same specifications today costs $2,250. This laptop had a 5 year life expectancy. What is the actual cash value of his claim? James high end laptop was stolen at the coffee shop. He built it himself 2 years ago. The total parts cost $3,000. A laptop with the same specifications today costs $2,250. This laptop had a 5 year life expectancy. What is the actual cash value of his claim?
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Answer rating: 100% (QA)
To calculate the actual cash value of James stolen laptop we first need to determine its deprecia... View the full answer
Related Book For
Accounting Information Systems
ISBN: 978-0133428537
13th edition
Authors: Marshall B. Romney, Paul J. Steinbart
Posted Date:
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