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1- is/is not

2- is/is not

3- 1062, 955.80, 1311.20, 1192

6. Calculating actual cash value Actual Cash Value versus Replacement Cost Coverage The following table gives a partial list of Carlos's significant property (that is, although only the first three items are listed within each category, the totals at the bottom of the table include the prices of unlisted property items). Item Purchase Price ACV Replacement Cost Furniture Couch set $2,800 $700 $3,080 Outdoor lawn furniture 2,500 1,250 3,000 800 400 960 Dining room table and chairs Appliances TV 600 300 720 100 60 120 DVD player Sound system Furnishings 800 320 960 Antique rugs 9,000 2,700 10,800 Sculptures 8,000 9,600 9,600 Throw blankets and pillows 300 180 360 TOTAL: $37,350 $24,278 $44,820 Carlos has a $53,000 HO-1 form insurance policy. No additional endorsements or floaters have been added to the policy. Therefore, the actual cash value (ACV) of his property covered under this policy and the replacement cost of his property covered. One of his more valuable items is a shotgun he uses for duck hunting. He purchased the shotgun 4 years ago for $1,770, and the total life expectancy is 10 years. The shotgun he uses for duck hunting would cost $1,900 if it was purchased today. The actual cash value (ACV) of the shotgun is 6. Calculating actual cash value Actual Cash Value versus Replacement Cost Coverage The following table gives a partial list of Carlos's significant property (that is, although only the first three items are listed within each category, the totals at the bottom of the table include the prices of unlisted property items). Item Purchase Price ACV Replacement Cost Furniture Couch set $2,800 $700 $3,080 Outdoor lawn furniture 2,500 1,250 3,000 800 400 960 Dining room table and chairs Appliances TV 600 300 720 100 60 120 DVD player Sound system Furnishings 800 320 960 Antique rugs 9,000 2,700 10,800 Sculptures 8,000 9,600 9,600 Throw blankets and pillows 300 180 360 TOTAL: $37,350 $24,278 $44,820 Carlos has a $53,000 HO-1 form insurance policy. No additional endorsements or floaters have been added to the policy. Therefore, the actual cash value (ACV) of his property covered under this policy and the replacement cost of his property covered. One of his more valuable items is a shotgun he uses for duck hunting. He purchased the shotgun 4 years ago for $1,770, and the total life expectancy is 10 years. The shotgun he uses for duck hunting would cost $1,900 if it was purchased today. The actual cash value (ACV) of the shotgun is