Attempts 0 Average 0/2 3. Calculating actual cash value Actual Cash Value versus Replacement Cost Coverage The following table gives a partial list of Patrick's significant property (that is, though only the first three items are listed within each category the totais at the bottom of the table include the prices of unlisted property items), Purchase Price ACV Replacement Cost Item Furniture Couchse Outdoor Hawn furniture Dining room table and chairs 5700 52,800 33,500 300 $3,080 3.000 1.250 400 960 Appliances TU 600 300 720 DVD player Soundstem 60 100 800 960 Furnishings Antique rug Sculpture 27 9.900 8.000 300 10.00 100 360 180 w TV Appliances TV 600 300 720 100 60 120 DVD player Sound system 800 320 960 Furnishings Antique rugs Sculptures Throw blankets and pillows 9,000 5,000 300 2,700 9,600 180 10,000 9,600 360 TOTAL: $37,350 $24,278 $44,320 Patrick has a $53.000 HO-1 form Insurance policy. No additional endorsements or floaters have been added to the policy. Therefore, the actual cash value (ACV) of his property is not covered under this policy and the replacement cost of his property is not covered One of his more valuable items is a custom electric guitar he purchased when his band starting paining popular. He purchased the guitar 290 for 2.500, and the total de expectancy is 10 years. The custom electric guitar he purchased when his band starting saning polarity would cost 53.800 if it was purchased today The actual cash value ACV of the guitars Grade It Now Save & Continue