Assume that a building has a replacement cost of $250,000 but is insured for only $150,000. The
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Assume that a building has a replacement cost of $250,000 but is insured for only $150,000. The roof on the house is 10 years old and has a useful life of only 20 years. The roof is severely damaged by hail and needs to be replaced. The cost of the new roof is $20,000. Ignoring the deductible. What is the cash value?
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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