Exam (elaborations)
Adjuster Pro - Florida Certified Adjuster Glossary 2023 with complete and verified solution
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1. Accumulated Depreciation: The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) 2. Actual Cash Value (ACV): A valuation method used by insurers to reflect an item's current market value right before being damaged or destroyed. Formula...
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