Barberton Clerk of Courts â 576 W Park Ave Barberton, OH 44203. The Barberton Municipal Court computer record information disclosed by the system is current only within the limitations of the Barberton Municipal Court data retrieval system.
ACV is typically calculated as, the cost to repair or replace the damaged property, minus depreciation; Depreciation â The decrease in the value of property over a period of time, usually as result of age, wear. and tear from use, or economic obsolescence. Actual physical depreciation (wear and tear from use) is. subtracted from the replacement cost of insured property in determining its actual cash value (ACV); Blanket Limit â A single limit of insurance that applies over more than one location or more than one. category of property coverage, or both.
A fixed asset having a useful life of 3 years is purchased on 1 January 2013. Cost of the asset is $2,000 whereas its residual value is expected to be $500. Calculate depreciation expense for the years ending 30 June 2013 and 30 June 2014. Depreciation expense for the year ended 30 June 2013: $500 x 6/12 = $250. As $500 calculated above represents the depreciation cost for 12 months, it has been reduced to 6 months equivalent to reflect the number of months the asset was actually available for use.