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How much would a homeowner receive with actual cash-value coverage and replacement cost coverage for...

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Accounting

How much would a homeowner receive with actual cash-value coverage and replacement cost coverage for a three-year old sofa destroyed by a fire? The sofa would cost $nbsp 950 to replace today, whereas it cost $nbsp 791 three years ago, and it has an estimated life of six years. With actual cash-value coverage, the amount the owner would receive for the sofa would be $ nothing.

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