Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

John s house was hit by a tornado, causing $ 8 4 , 0 0 0 . 0 0 in damages and his Coverage A

Johns house was hit by a tornado, causing $84,000.00 in damages and his Coverage A amount is $175,000.00 and you applied 18% depreciation to the damages, what would the Actual Cash Value payment be that is issued to John?
$31,500.00
$143,500.00
$15,120.00
$68,880.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Stephen P Robbins, Mary Coulter

11th Edition

9780273752776, 132163845, 273752774, 978-0132163842

More Books

Students also viewed these General Management questions

Question

How are GIS and GPS related?

Answered: 1 week ago