Actual cash value is generally defined as the:
A) replacement cost.
B) original purchase price.
C) market value.
D) purchase cost minus depreciation.
E) replacement cost minus depreciation.

Question

Quizplus · Accepted Answer

Actual cash value is typically calculated as the replacement cost of an item minus depreciation, reflecting the item's current value rather than its original purchase price or market value.

Actual Cash Value Is Generally Defined as The