Paragraph match score 92.7%
Page A-163
What Is the Basic Formula Used to Calculate Car IDV?
● Up to 6 months: 5% depreciation ● 6 months to 1 year: 15% depreciation ● 1 to 2 years: 20% depreciation ● 2 to 3 years: 30% depreciation
Page A-127
What Is the Standard Depreciation Schedule Used by Every IDV Calculator?
● Not exceeding 6 months: 5% depreciation ● Exceeding 6 months, up to 1 year: 15% ● Exceeding 1 year, up to 2 years: 20% ● Exceeding 2 years, up to 3 years: 30%