ABC Industries has a building and business personal property form on its building and business personal property. Here are the particulars:

Policy period 1/1/xx 12/31/xx

Building limit of insurance: $500,000

Business personal property limit of insurance: $300,000

Deductible: $1,000 for both building and business personal property

Coinsurance: 80%

Inflation guard: 8%

Valuation of building: ACV

Valuation of business personal property: ACV

On march 30 (not a leap year) the company suffers total fire loss.

The value of the building at time of claim at ACV is: $630,000

The value of the building at time of claim at RCV is $840,000

The value of business personal property at time of claim at ACV is $390,000

The value of business personal property at time of claim at RCV is $425,000

How much was ABC paid each for building and business personal property. Show your work for each.

Debris removal in the claim for ABC amounted to $230,000. How much will ABC be paid. Show your work.