Consider the loss from fire damage of furniture which cost $6000 three years ago and...
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Accounting
Consider the loss from fire damage of furniture which cost $6000 three years ago and has an expected life of ten years. This furniture would cost $9000 to purchase today. Under a replacement cost policy, how much would the insurance company pay you for this loss? A. $4300 B. $9000 C. $6000 D. $4200
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