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Your home insurance provides for replacement value for personal property losses. If your china hutch (ten year depreciation) was vandalized and completely destroyed and cost

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Your home insurance provides for replacement value for personal property losses. If your china hutch (ten year depreciation) was vandalized and completely destroyed and cost $400 four years ago, but a new one will cost $600, how much will the insurance company pay? a. $240 b. $600 c. $400 d. Nothing, vandalism is not covered

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