Quantity: The number of units (for example, square feet) for an item.

Description: Details describing the activity or items being estimated

Replacement Cost Value (RCV): The estimated cost of repairing a damaged item with a similar one. RCV is calculated by multiplying Quantity x Unit Cost + Tax.

Unit Price: The unit cost includes allowance for materials, labor and customary equipment to complete the task.

Depreciation: The loss of value that has occurred over time based on factors such as age, life expectancy, condition, and obsolescence. If depreciation is recoverable, the amount is shown in ( ). If depreciation.

Actual Cash Value: This amount refects the Replacement Cost Value less the amount of Depreciation