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