The ________ method to settle claims is based on the current replacement cost of a damaged or lost item less depreciation.

Name: The ________ method to settle claims is based on the current replacement cost of a damaged or lost item less depreciation.
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The actual cash value method calculates the payment for claims based on the current replacement cost of an item minus depreciation, reflecting the item's current value rather than its cost to replace new.

The ________ Method to Settle Claims Is Based on the Current