d. Probable size of the losses that may occur. 14. Reese's stereo was stolen. The stereo cost $3,000 when originally purchased. A similar new stereo now costs $2,400. Assuming the stereo was 50% depreciated, what is the actual cash value of Reese's loss? a. $400. b. $800. c. $1,200. d. $1,500. ligy