Understanding the Different Levels of Value: It’s Worth What Where and When?
Artifactual History Appraisal
SEPTEMBER 17, 2019
Actual Cash Value is Retail Replacement Value minus depreciation, which can be a deduction made for age, damage, or another factor. It can sometimes be present in insurance policies, although in my experience it is much less frequently encountered. Liquidation Value is often used in bankruptcy contexts.
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