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Revenue Earning Equipment | 12 Months Ended
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Dec. 31, 2012
Revenue Earning Equipment [Abstract] |
REVENUE EARNING EQUIPMENT | REVENUE EARNING EQUIPMENT
|  | Estimated Useful Lives |  | December 31, 2012 |  | December 31, 2011
Cost |  | Accumulated Depreciation |  | Net Book Value (1) |  | Cost |  | Accumulated Depreciation |  | Net Book Value (1)
(In years) |  | (In thousands)
Held for use: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Full service lease |  | 3 — 12 |  | $ | 6,728,746 |  |  | (2,500,786 | ) |  | 4,227,960 |  |  | 6,010,335 |  |  | (2,518,830 | ) |  | 3,491,505 |
Commercial rental |  | 4.5 — 12 |  | 2,041,698 |  |  | (660,356 | ) |  | 1,381,342 |  |  | 2,175,003 |  |  | (708,052 | ) |  | 1,466,951 |
Held for sale |  |  |  | 499,074 |  |  | (353,768 | ) |  | 145,306 |  |  | 326,692 |  |  | (235,477 | ) |  | 91,215 |
Total |  |  |  | $ | 9,269,518 |  |  | (3,514,910 | ) |  | 5,754,608 |  |  | 8,512,030 |  |  | (3,462,359 | ) |  | 5,049,671 |
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(1) | Revenue earning equipment, net includes vehicles under capital leases of $56 million, less accumulated depreciation of $17 million, at December 31, 2012 and $61 million, less accumulated depreciation of $14 million, at December 31, 2011.
At the end of each fiscal year, we review residual values and useful lives of revenue earning equipment. Based on the results of these analyses, we adjust the estimated residual values and useful lives of certain classes of revenue earning equipment effective January 1 of the following year. The change in estimated residual values and useful lives increased pre-tax earnings by approximately $18 million in 2012 compared with 2011, and approximately $5 million in 2011 compared with 2010. The adjustment decreased pre-tax earnings by approximately $14 million in 2010 compared with 2009.

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- Definition Disclosure of revenue earning equipment used in the normal conduct of the vehicle leasing and commercial rental business, not otherwise defined in the taxonomy. This disclosure may include accounting policies and methodology and impact of changes thereto, a schedule of revenue earning equipment cost, accumulated depreciation, net book value, useful lives, assets held for sale. In addition, this disclosure includes vehicles acquired under capital leases and accumulated amortization included within revenue earning equipment. This element may be used as a single block of text to include the entire revenue earning equipment disclosure, including data and tables. + References No definition available. + Details
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