Investments In Equipment And Leases (Tables)

6 Months Ended

Jun. 30, 2015

Investments in Equipment and Leases [Abstract]

Investment in Leases

The Partnership’s investments in equipment and leases consist of the following (in thousands):

		Balance December 31, 2014		Reclassifications & Additions / Dispositions		Depreciation/ Amortization Expense or Amortization of Leases		Balance June 30, 2015
Net investment in operating leases	$	2,900	$	(16)	$	(84)	$	2,800
Assets held for sale or lease, net		2,478		10		-		2,488
Total	$	5,378	$	(6)	$	(84)	$	5,288

Property on Operating Leases

Property on operating leases consists of the following (in thousands):

		Balance December 31, 2014		Additions		Reclassifications or Dispositions		Balance June 30, 2015
Transportation	$	20,818	$	-	$	(382)	$	20,436
Materials handling		83		-		-		83
		20,901		-		(382)		20,519
Less accumulated depreciation		(18,001)		(84)		366		(17,719)
Total	$	2,900	$	(84)	$	(16)	$	2,800

Future Minimum Lease Payments Receivable

At June 30, 2015, the aggregate amounts of future minimum lease payments are as follows (in thousands):

		Operating Leases
Six months ending December 31, 2015	$	729
Year ending December 31, 2016		1,100
2017		861
2018		157
2019		46
	$	2,893

Schedule of Useful Lives of Assets

The useful lives for each category of lease assets in the Partnership’s portfolio is reviewed at a minimum of once per quarter. As of June 30, 2015, the respective useful lives of each category of lease assets in the Partnership’s portfolio are as follows (in years):

Equipment category	Useful Life
Transportation	35-40
Materials handling	7-10