Hertz 2015 Annual Report Download - page 101
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Table of Contents
The components of revenue earning equipment, net are as follows:
Revenue earning equipment $ 16,768
$ 17,837
Less: Accumulated depreciation (3,775)
(4,427)
12,993
13,410
Revenue earning equipment held for sale, net 135
243
Revenue earning equipment, net $ 13,128
$ 13,653
Depreciation of revenue earning equipment and lease charges, net includes the following:
Depreciation of revenue earning equipment $ 2,614
$ 2,787
$ 2,415
(Gain) loss on disposal of revenue earning equipment(a) 76
167
37
Rents paid for vehicles leased 72
80
81
Depreciation of revenue earning equipment and lease charges, net $ 2,762
$ 3,034
$ 2,533
(a) (Gain) loss on disposal of revenue earning equipment by segment is as follows:
U.S. Car Rental $ 97
$ 178
$ 48
International Car Rental (8)
(2)
15
Worldwide Equipment Rental (13)
(9)
(26)
Total $ 76
$ 167
$ 37
Depreciation rates are reviewed on a quarterly basis based on management's ongoing assessment of present and estimated future market
conditions, their effect on residual values at the time of disposal and the estimated holding periods for the fleet and equipment. The cumulative
impact on the years of depreciation rate changes during the years ended December 31, 2015, 2014 and 2013 is as follows:
U.S. Car Rental $ 101
$ 167
$ (44)
International Car Rental (1)
(3)
5
Worldwide Equipment Rental 2
—
—
Total $ 102
$ 164
$ (39)
93
℠
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except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.