advisory schedule

  • A table of percentages to assist in arriving at the depreciated value of cars of certain age. This table usually is arbitrarily produced by a company and represents its experience in appraising cars of certain ages. It is used by underwriting departments in determining the insurable value of cars insured for property coverages on a stated amount basis, and for determining age groups for collision, actual value fire, theft, and tornado, and comprehensive coverages.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).