Alfred Lost His 3 Year Old Camera

Multiple Choice

Alfred lost his 3 year old camera. It cost him $200 three years ago and had a life expectancy of 6 years. Alfred has actual cash value insurance on this camera which means his insurance company will issue him a check for ________ for his loss. A new camera costs $500.

A) $100
B) $200
C) $500
D) none of the above