Question: Which of the following formulas provides the correct calculation method for the actual cash value (ACV) in property insurance claims? ACV = Replacement Value -

Which of the following formulas provides the correct calculation method for the actual cash value (ACV) in property insurance claims?

ACV = Replacement Value - Book Value of Assets

ACV = Book Value of Assets + Adjustment for market value

ACV = Book Value of Assets + Adjustment for paid premiums

ACV = Replacement Value - Depreciation

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