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Sasha Underwood's home in Los Angeles was recently gutted in a fire. Her living and...

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Accounting

Sasha Underwood's home in Los Angeles was recently gutted in a fire. Her living and dining rooms were completely destroyed, and the damaged personal property had a replacement value of $25,000. The average age of the damaged personal property was 5 years, and its useful life was estimated to be 15 years. What is the maximum amount the insurance company would pay Sasha assuming that it reimburses losses on an actual cash-value basis?

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