Office Vacuum Cleaner

Calculate the actual cash value of Office Vacuum Cleaner for insurance claims.

Item age (years)

Replacement cost (RCV)

Loss state (optional)

Individual calculations are not published; only anonymous aggregates appear when sample size qualifies.

Actual cash value

$716.67

ACV = $2,150.00 − (0.17 × $2,150.00 × 4)

Example

Using a round-number example: a 3-year-old Office Vacuum Cleaner at $1,000 RCV has an estimated ACV of $500.00 at 16.67% per year.

Depreciation rate: 16.67% / year

Keywords: office vacuum cleaner, commercial vacuum, upright vacuum, backpack vacuum, shop vac, janitorial vacuum, hoover, bissell, industrial vacuum

The Depreciation Calculator should be used as a general guide only; there are many variables which can affect an item's life expectancy that should be taken into consideration when determining actual cash value.

An item that is still in use and functional for its intended purpose should not be depreciated beyond 90%.