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Your home insurance provides for replacement value for personal property losses. A microwave is...

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Question

Accounting

Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $200 two years ago and has an expected life of six years. A comparable microwave costs $150 today. What amount will the insurance company pay?
a.
$200
b.
$150
c.
$300
d.
$100

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