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Susan purchased a living room set for $ 5 , 0 0 0 . Susan s home and the contents were destroyed by a fire.
Susan purchased a living room set for $ Susans home and the contents were destroyed by a fire. At the time of the loss, the living room set was worth $ due to depreciation. Replacement furniture will cost $ If the living room set was insured on an actual cash value ACV basis, how much will Susan collect for this loss? Assume a $ deductible applies to the loss.
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