Nicholas owns a laptop computer that was stolen. The laptop cost $2000 when it was purchased two
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Nicholas owns a laptop computer that was stolen. The laptop cost $2000 when it was purchased two years ago. A similar laptop computer today can be purchased for $1800. Assuming that the laptop was 50 percent depreciated at the time the theft occurred, what is the actual cash value of the loss?
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Related Book For
Principles Of Risk Management And Insurance
ISBN: 9780321414939
10th Edition
Authors: George E. Rejda
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