How much would the insurance reimbursement be

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Reference no: EM131307009

1. How much would the insurance reimbursement be for a television system damaged by fire if it was purchased 2 years ago for $6,000 and has a life expectancy of 5 years?

2. A storm causes $25,000 in damages to a house that is insured for $180,000; the replacement value of the house is estimated at $250,000. The policy requires a $1,500 deductible.

Reference no: EM131307009

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