Final answer:
The question involves calculating an insurance payout using the Actual Cash Value (ACV) of an item multiplied by 80%. This is a common practice in insurance to determine the reduced value of an item for claims purposes after depreciation is considered.
Step-by-step explanation:
The equation 'Actual Cash Value (ACV) x 80% = ______' can be used to calculate the payout from an insurance policy after a loss, based on the actual cash value of the item insured. To solve for the missing value, you would take the actual cash value of the item and multiply it by 0.80 (which represents 80%). This calculation is used in insurance to determine the payment to the policyholder after a loss, typically after accounting for depreciation.