Actual Cash Value Calculator
Parameter | Description | Example Value |
---|---|---|
Replacement Cost | The cost to replace the item with a new one of similar kind and quality. | $1,000 |
Depreciation Percentage | The percentage of the item’s value that has depreciated over time. | 20% |
Depreciation Amount | The amount of depreciation calculated by multiplying the replacement cost by the depreciation percentage. | $200 |
Actual Cash Value (ACV) | The value of the item after accounting for depreciation (Replacement Cost – Depreciation Amount). | $800 |