For #6 Answer: C $21,000
Explanation:
First, you'll need to find the value of the replacement value.
Then, you'll need to find 15% of the replacement value.
1. 175,000 x 0.8 = 140000
2. 140000 x 0.15 = 21000
For #5, the answer is $59,500
350000 x 0.85 = 297500
297500 x 0.2 = 59500