Jane has a bike that was stolen. The bike cost €2,000 when it was purchased 2 years ago. A similar bike today can be purchased for €2,400. Assuming that the bike was 25 percent depreciated at the time...

Jane has a bike that was stolen. The bike cost €2,000 when it was purchased 2 years ago. A similar bike today can be purchased for €2,400. Assuming that the bike was 25 percent depreciated at the time the theft occurred.(a) What are the three main methods to determine actual cash value? Briefly explain each method.(b) Based on your answers from (a), which method is most appropriate in this case? Explain your answer.(c) Based on your answer from (b), what is the actual cash value (ACV) of the loss?