Exam (elaborations)
Adjuster Pro - Florida Certified Adjuster Glossary: Updated
- Course
- Institution
Accumulated Depreciation (Ans- The total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) (Ans- A valuation method used by insurers to reflect an item's current market value right before being damaged or destroye...
[Show more]