**Actual Cash Value (ACV)**is a method of valuing insured property, using the following formula:

**Actual Cash Value (ACV)**= P * (E – C) / E

where

*P*is the purchase price of the item or replacement cost,*E*is the expected life of the item, and*C*is the current age of the item.To find the actual cash value of an item, simply fill in the values below and then click the “Calculate” button.

Actual Cash Value (ACV): **$583.33**