Question: Lucy's couch was destroyed by a fire. The couch was expensive and cost 2,000 when it was purchased, but a similar one today costs

Lucy's couch was destroyed by a fire. The couch was expensive and

Lucy's couch was destroyed by a fire. The couch was expensive and cost 2,000 when it was purchased, but a similar one today costs even more, 3000. Assuming the couch was 50 percent depreciated, what is the actual cash value of Lucy's loss? 1500 900 1000 2000

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