Exam (elaborations)
Glossary of Terms - Adjuster Pro Certification Questions and Answers 2023 100% Verified
- Course
- Institution
Accumulated Depreciation - CORRECT ANS The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - CORRECT ANS A valuation method used by insurers to reflect an item's current market value right before being damage...
[Show more]