Does depreciation apply to a claim if you have Replacement Cost Coverage?

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yes - you are given the depreciated amount up front - you need to make replacement and spend above the depreciated amount to make a supplementary claim for the actual replacement cost amount. this protects the insurer from overpaying the claim
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Why do you apply depreciation to assets in a business?

Answer \n. \nWhen we use asset in business due to general usage it bears some wear and tear. Eventually it will be completely destroyed or it will complete its useful life

Is depreciation a fixed cost?

Yes it is a fixed cost. Reason being that a fixed cost remains unchanged in total as the level of activity increases or decreases. Example of fixed costs include depreciation

How do you treat depreciation in relevant costing?

Depreciation is a sunk cost . Depreciation is a sunk cost, so you should ignore it in relevatnt costing. you shoud be asking yourself the following question: can I avoid de

Is compensation for structural damage determined by replacement cost plus depreciation?

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How do you get total replacement cost on home insurance claim?

It depends on the policy you have with the insurance company. Replacement cost phrasing should include 20% or so over the value of the home. Closely question the agent about t

What is depreciation cost?

Depreciation is that amount orpart of full cost of fixed asset which is allocated to specific fiscal yearduring which any asset is used to generate revenue.

Is depreciation fixed cost?

Yes depreciation is fixed cost because it do not vary with the volume of production and remained fixed whether any production or not.

Is depreciation a direct or indirect cost?

Depreciation can be either a direct cost or an indirect cost, or it can be both direct and indirect. Let's illustrate this with the depreciation of a machine used in Departme

Does a deductible apply to replacement cost insurance?

Yes. Under some circumstances the insurance company would "absorb" the deductible if the claim for that particular line of coverage exceeded that policy limit. Also, there are

What is depreciated value in an insurance claim?

Depreciated value is usually called actual cash value on an insurance policy. This takes a formula based on the type of item that you are claiming and devalues it by a certain
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Is depreciation direct cost?

Only depreciation for all those fixed assets whichdirectly involve in manufacturing of production volume is part of direct costwhile all other depreciation is not part of dire