Jet Li has an insurance policy insuring his laptop computer that was stolen. The laptop computer cost
Fantastic news! We've Found the answer you've been seeking!
Question:
Jet Li has an insurance policy insuring his laptop computer that was stolen. The laptop computer cost RM4,500 when it was purchased five years ago. A similar laptop computer today can be purchased at RM3,000. Assuming that the laptop computer was 25%depreciated at the time of loss, calculate the amount of claim payable by the insurer based on
a. Actual cash value.
b. Replacement cost.
2. State Six (6) ideal requirement of an insurable risk
Related Book For
Auditing A Business Risk Approach
ISBN: 978-0538476232
8th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
Posted Date: