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"sam's furniture was destroyed by a fire. the furniture cost $1200 when it was purchased, but similar new furniture now costs $1800. assuming the furniture was 50 percent depreciated, what is the actual
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"sam's furniture was destroyed by a fire. the furniture cost $1200 when it was purchased, but similar new furniture now costs $1800. assuming the furniture was 50 percent depreciated, what is the actual cash value of sam's loss?"

User Aritra Roy
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deprecated means the price is decreased, so if something is deprecated by 50% (which just means 1/2 is taken away) its original price is just cut in half. so half of 1200 (1200 divided by 2) is 600. i think the answer is 600 :-)
User Omar Faroque Anik
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