Office Cabinets

Calculate the actual cash value of Office Cabinets 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.

Example

Using a round-number example: a 3-year-old Office Cabinets at $1,000 RCV has an estimated ACV of $850.00 at 5.00% per year.

Depreciation rate: 5.00% / year

Keywords: office cabinet, supply cabinet, utility cabinet, metal cabinet, storage cabinet, lockable cabinet, shelving unit

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%.