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Adjuster Pro - Florida Certified Adjuster Glossary| 260 QUESTIONS| 19 PAGES
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Accumulated Depreciation Correct Answer: The 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 Answer: A valuation method used by insurers to reflect an item's current market value right before being d...
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