Ice, Picnic Chests
Calculate the actual cash value of Ice, Picnic Chests for insurance claims.
Example
Using a round-number example: a 3-year-old Ice, Picnic Chests at $1,000 RCV has an estimated ACV of $700.00 at 10.00% per year.
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%.