Pleas 25. Replacement Cost and Actual Cash Value are two different bases of indemnification for loss.Which (1) ONE of the following statements is INCORRECT?A. Actual Cash Value is the depreciated value shown in the Balance Sheet of a FinancialStatement.B. Replacement Cost is usually paid only when replacement of the damaged property has beecompleted./C. Replacement Cost is a "new" value but Actual Cash Value is a "used" value.D. Both values must be based on items of like kind and quality to the damaged property26. An insurer wishing to terminate an insurance policy may do so by:A. Ordering the broker to issue a registered letter of cancellation. Xtion by registered mail and refunding the unearned premiur

Replacement Cost and Actual Cash Value are two different methods used to determine the amount of…

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25. Replac Which (1) A. Actua Stater B. Repla comp C. Repla D. Both