Exam (elaborations)
Glossary of Terms - Adjuster Pro Certification With question and answers 100% verified
- Course
- Institution
Accumulated Depreciation - CORRECT ANSWERThe total decrease in an item's value over a period of time. Formula: (Annual Depreciation x Number of years used) Actual Cash Value (ACV) - CORRECT ANSWERA valuation method used by insurers to reflect an item's current market value right before being dam...
[Show more]