Exam (elaborations)
Adjuster Pro - Florida Certified Adjuster Glossary Exam Questions and Answers
- Module
- Institution
Accumulated Depreciation - ANSWER-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) - ANSWER-A valuation method used by insurers to reflect an item's current market value right before being damaged or destro...
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