Exam (elaborations)
Glossary of Terms - Adjuster Pro Certification Questions and Answers 2023 100% Verified
- Course
- Adjuster pro
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- Adjuster Pro
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 dam...
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