Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Actual cash value is calculated by subtracting depreciation from the [purchase price | replacement cost] of an item.

Question

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The Answer of Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Actual cash value is calculated by subtracting depreciation from the [purchase price | replacement cost] of an item.

Choose the Word or Phrase in [ ] Which Will