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Write Off Value Calculator

Formula

The formula to calculate the write off value (WOV) is:

$WOV = 0.50 \times CV$

Where:

Let's say the current value of the car is $20,000. Using the formula:

$WOV = 0.50 \times 20000$

We get:

$WOV = 10000$

So, the write off value ( $WOV$ ) is $10,000.