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  2. Recoverable depreciation in home insurance: what it is and ...

    www.aol.com/finance/recoverable-depreciation...

    Incident. Amount. Fridge value at the time of purchase in 2018 (i.e., its replacement cost) $1,500. Useful life. 14 years. Depreciation per year. $107 ($1,500 ÷ 14)

  3. Actual cash value - AOL

    www.aol.com/finance/actual-cash-value-211544742.html

    Actual cash value (ACV) represents the depreciated value of your home or belongings at the time of a covered loss. By contrast, Replacement cost value (RCV) accounts for the amount needed to ...

  4. RCV vs. ACV - AOL

    www.aol.com/finance/rcv-vs-acv-151138581.html

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  5. Actual cash value - Wikipedia

    en.wikipedia.org/wiki/Actual_cash_value

    Actual cash value. In the property and casualty insurance industry, actual cash value (ACV) is a method of valuing insured property, or the value computed by that method. Actual cash value (ACV) is not equal to replacement cost value (RCV). Actual cash value is computed by subtracting depreciation from replacement cost. [1]

  6. Depreciation - Wikipedia

    en.wikipedia.org/wiki/Depreciation

    Depreciation. Decrease in asset values, or the allocation of cost thereof. An asset depreciation at 15% per year over 20 years. In accountancy, depreciation is a term that refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is ...

  7. Replacement value - Wikipedia

    en.wikipedia.org/wiki/Replacement_value

    Replacement value. The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or " replacement cost value " is one of several methods of determining the value of an insured item.

  8. Valuation (finance) - Wikipedia

    en.wikipedia.org/wiki/Valuation_(finance)

    t. e. In finance, valuation is the process of determining the value of a (potential) investment, asset, or security. Generally, there are three approaches taken, namely discounted cashflow valuation, relative valuation, and contingent claim valuation. [1]

  9. Roof insurance: ACV vs. replacement cost - AOL

    www.aol.com/finance/roof-insurance-acv-vs...

    For example, if the replacement cost — not the amount that you paid for it originally, but the amount it would cost to replace it today — for your roof is $20,000, but the roof loses 5 percent ...

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