How is recoverable depreciation determined?

Recoverable Depreciation is the gap between replacement cost and Actual Cash Value (ACV). You can recover this gap by providing proof that shows the repair or replacement is complete or contracted.

What does it mean if depreciation is recovered?

Recoverable Depreciation is the gap between replacement cost and Actual Cash Value (ACV). You can recover this gap by providing proof that shows the repair or replacement is complete or contracted.

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