Started: Dec 112023 10:03AM ET Time Limit: 180 Minutes Questions Answered: 34 Questions Flagged for Review: 0 Question Number: 39 of 100 Note:If you skip any of the questions when you click on the 'View Summary' button you will be shown a summary page which allows you to go back to and complete question prior to submitting your assessment. If you're unsure of your response for a question you may select the checkbox under the number and this question will also be listed on the summary page so you can easily go back to it. 39 Monika purchased an expensive computer for a price of $4,200 in January, for her children and her own personal use. In December, an electrical storm damaged the computer beyond repair. She put in a claim for the computer and received $3,000 in compensation. The current price of a state of the art computer by the same manufacturer is $4,000. Which of the following statements about this situation is FALSE? a) The $1,200 difference between the compensation paid and the original purchase price represents the accumulated depreciation on the computer. b) The $3,000 paid by the insurer represents the value of a similar computer at the time of loss. c) Monika's policy provides for coverage on an actual cash value basis. d) Monika's policy provides for coverage on a replacement cost basis