Question
If an insured has actual cash value coverage, how much would he collect given the following facts? 1) Replacement cost of the building is $200,000,
If an insured has actual cash value coverage, how much would he collect given the following facts? 1) Replacement cost of the building is $200,000, 2) Replacement cost of the loss is $30,000, 3) Estimated total useful life is 30 years, and 4) Building has been in use 15 years.
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A. $45,000
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B. $15,000
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C. $70,000
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D. $30,000
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Options On Futures Workbook Step By Step Exercises And Tests To Help You Master Options On Futures New Trading Strategies
Authors: John F. Summa ,Jonathan W. Lubow
1st Edition
0471436437, 978-0471436430
