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What is the actual cash value of reese loss

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Reference no: EM132693357

Problem 1: Reese's stereo was stolen. The stereo cost $3,000 when originally purchased. A similar new stereo now costs $2,400. Assuming the stereo was 50% depreciated, what is the actual cash value of Reese's loss?

Group of answer choices

a. $400.

b. $800.

c. $1,200.

d. $1,500.

Reference no: EM132693357

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