John Biner's roof was totally ruined by a fire. The insurance company estimates that the cost of building a new roof is $10,000. It also estimates that roofs like this are expected to last 20 years
The existing roof had been in place for five years. Given this information, the actual cash value of the damage is
A)
$500.
B)
$2,500.
C)
$7,500.
D)
$10,000.
C
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