18. Troy's Tire Mart has a replacement value of $965, 000 and is insured for $588, 000, with an 80% coinsurance feature. How much of the loss will be paid by his insurance company if a fire causes $710, 000 in losses? $568, 000 $735, 000 $772, 000 $540, 777.20

18. Troy's Tire Mart has a replacement value of $965, 000 and is insured for $588, 000, with an 80% coinsurance feature. How much of the loss will be paid by his insurance company if a fire causes $710, 000 in losses? $568, 000 $735, 000 $772, 000 $540, 777.20

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter14: Property Transact Ions: Capital Gains And Losses, § 1231, And Recapture Provisions

Section: Chapter Questions

Problem 17DQ

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18. Troy's Tire Mart has a replacement value of $965, 000 and is insured for $588, 000, with an 80% coinsurance feature. How much of the loss
will be paid by his insurance company if a fire causes $710, 000 in losses?
$568, 000
O $735, 000
$772, 000
$540, 777.20

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