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David's television was destroyed in a fire. The television had a useful life of 10 years. The television was purchased three years ago, and its

David's television was destroyed in a fire. The television had a useful life of 10 years. The television was purchased three years ago, and its current replacement cost is $1,500. What is the actual cash value of David's television set? Available answer options Select only one option A $ 450 B $ 700 C $1,050 D $1,200

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