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An individual purchased a house 5 years ago for $300,000 and the house has been depreciated by 50%. The house has an estimated useful life

An individual purchased a house 5 years ago for $300,000 and the house has been depreciated by 50%. The house has an estimated useful life of 50 years and destroyed by a tornado. Today, the cost of a similar house with materials of like kind and quality is $150,000. How much the individual will pay to indemnify himself/herself?

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