Synonyms: Cash value, depreciation deduction
It is the amount that is arrived at that is equal to the replacement cost after the depreciation deduction. It is the actual cash value that is taken into account by insurance service providers.
Synonyms: Cash value, depreciation deduction
It is the amount that is arrived at that is equal to the replacement cost after the depreciation deduction. It is the actual cash value that is taken into account by insurance service providers.
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