Multiple Choice
Jeff's apartment was broken into and his three-year-old TV was taken.Jeff had paid $900 for the TV,but it will cost $1,200 to replace the unit.What is the actual cash value of the TV assuming it has a life expectancy of nine years?
A) $1,200
B) $900
C) $600
D) $300
Correct Answer:
Verified
Correct Answer:
Verified
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