Answer:
i
Step-by-step explanation:
Answer:
ACV=$4,500
Step-by-step explanation:
We have that the actual cash value (ACV) is defined as:
![ACV=\dfrac{R\times(E-C)}{E}](https://tex.z-dn.net/?f=ACV%3D%5Cdfrac%7BR%5Ctimes%28E-C%29%7D%7BE%7D)
Where:
actual cash value
replacement cost or purchase price of the item
expected life of the item
current life of the item
Then we have R=$6,000, C=5years, and to find the expected life of the item we can use the depreciating of the roof, then if the roof is depreciating $200 each year we just need to divide $4,000 by $200 to find the expected life of the roof:
![\dfrac{4,000}{200}=20](https://tex.z-dn.net/?f=%5Cdfrac%7B4%2C000%7D%7B200%7D%3D20)
Then the espected life of the roof is 20 years, with this result we have all the data, then:
![ACV=\dfrac{\$6,000\times (20-5)}{20}=\dfrac{\$6,000\times (15)}{20}=\dfrac{\$90,000}{20}=\$4,500](https://tex.z-dn.net/?f=ACV%3D%5Cdfrac%7B%5C%246%2C000%5Ctimes%20%2820-5%29%7D%7B20%7D%3D%5Cdfrac%7B%5C%246%2C000%5Ctimes%20%2815%29%7D%7B20%7D%3D%5Cdfrac%7B%5C%2490%2C000%7D%7B20%7D%3D%5C%244%2C500)
Then the ACV is $4,500
2 hundred thousands
5 ten thousands
3 thousands
7 hundreds
6 tens
1 ones
Answer:
I believe the answer is 250. I hope this helps Bye!