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When looking to purchase home insurance or file a claim, you may encounter the terms replacement cost value (RCV) or actual cash value (ACV). If you have replacement cost coverage on your home ...

The value of assets on the balance sheet cannot be more than their recoverable amount. An impairment review compares an asset’s recoverable amount with its carrying amount. An asset is considered ...

An asset is impaired when its carrying value on the balance sheet exceeds the recoverable amount. Where the recoverable value of an asset is less than the asset's carrying value on the balance sheet, ...

Recoverable depreciation is only applicable for replacement cost value (RCV) policies and allows policyholders to recoup the difference between the actual cash value (ACV) and RCV, after providing ...