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answer Problem 8-2 Computing Actual Cash Value Coverage [LO3] What amount would a...

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Problem 8-2 Computing Actual Cash Value Coverage [LO3] What amount would a person with actual cash value (ACV) coverage receive for two-year-old furniture destroyed by a fire? The furniture cost $2,780 originally but would cost $5,560 to replace today and had an estimated life of five years. (Omit the "\$" sign in your response.) Actual cash value

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