EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO RULE 13a-14(a) OR RULE 15d-14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Dean L. Cash, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ATEL Capital Equipment Fund VIII, LLC;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 13, 2014

/s/ Dean L. Cash

Dean L. Cash
President and Chief Executive Officer of
ATEL Financial Services, LLC (Managing Member)

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO RULE 13a-14(a) OR RULE 15d-14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Paritosh K. Choksi, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ATEL Capital Equipment Fund VIII, LLC;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 13, 2014

/s/ Paritosh K. Choksi

Paritosh K. Choksi
Executive Vice President and Chief
Financial Officer and Chief Operating Officer of
ATEL Financial Services, LLC (Managing Member)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. §1350,
AS ADOPTED PURSUANT TO
§906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of ATEL Capital Equipment Fund VIII, LLC (the “Company”) on Form 10-Q for the period ended September 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Dean L. Cash, President and Chief Executive Officer of ATEL Financial Services, LLC, Managing Member of the Company, hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 13, 2014

/s/ Dean L. Cash

Dean L. Cash
President and Chief Executive Officer of
ATEL Financial Services, LLC (Managing Member)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. §1350,
AS ADOPTED PURSUANT TO
§906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of ATEL Capital Equipment Fund VIII, LLC (the “Company”) on Form 10-Q for the period ended September 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Paritosh K. Choksi, Executive Vice President and Chief Financial Officer and Chief Operating Officer of ATEL Financial Services, LLC, Managing Member of the Company, hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 13, 2014

/s/ Paritosh K. Choksi

Paritosh K. Choksi
Executive Vice President and Chief Financial
Officer and Chief Operating Officer of
ATEL Financial Services, LLC (Managing Member)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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Investment in Equipment and Leases, Net (Future Minimum Lease Payments Receivable) (Details) (Operating Leases [Member], USD $) In Thousands, unless otherwise specified	Sep. 30, 2014
Operating Leases [Member]
Leases Disclosure [Line Items]
Three months ending December 31, 2014	$ 459
Year ending December 31, 2015	1,127
2016	752
2017	432
2018	78
2019	4
Thereafter	2
Future minimum payments receivable, total	$ 2,854

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Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2014

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of significant accounting policies:

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and nine months ended September 30, 2014 are not necessarily indicative of the results to be expected for the full year.

Certain prior period amounts may have been reclassified to conform to the current period presentation. These reclassifications had no significant effect on the reported financial position or results of operations.

Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.

In preparing the accompanying financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after September 30, 2014, up until the issuance of the financial statements. No events were noted which would require additional disclosure in the footnotes to the financial statements, or adjustments thereto.

Use of estimates:

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates relate primarily to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and determination of the allowance for doubtful accounts.

Equipment on operating leases and related revenue recognition:

Equipment subject to operating leases is stated at cost. Depreciation is being recognized on a straight-line method over the terms of the related leases to the equipment’s estimated residual values. Off-lease equipment is generally not subject to depreciation. The Company depreciates all lease assets, in accordance with guidelines consistent with ASC 840-20-35-3, over the periods of the lease terms contained in each asset’s respective lease contract to the estimated residual value at the end of the lease contract. All lease assets are purchased only concurrent with the execution of a lease commitment by the lessee. Thus, the original depreciation period corresponds with the term of the original lease. Once the term of an original lease contract is completed, the subject property is typically sold to the existing user, re-leased to the existing user, or, when off-lease, is held for sale. Assets which are re-leased continue to be depreciated using the terms of the new lease agreements and the estimated residual values at the end of the new lease terms, adjusted downward as necessary. Assets classified as held-for-sale are carried at the lower of carrying amount, or the fair value less cost to sell (ASC 360-10-35-43).

The Company does not use the equipment held in its portfolio, but holds it solely for lease and ultimate sale. In the course of marketing equipment that has come off-lease, management may determine at some point that re-leasing the assets may provide a superior return for investors and would then execute another lease. Upon entering into a new lease contract, management will estimate the residual value once again and resume depreciation. If, and when, the Company, at any time, determines that depreciation in value may have occurred with respect to an asset held-for-sale, the Company would review the value to determine whether a material reduction in value had occurred and recognize any appropriate impairment. All lease assets, including off-lease assets, are subject to the Company’s quarterly impairment analysis, as described in Note 3. Maintenance costs associated with the Fund’s portfolio of leased assets are expensed as incurred. Major additions and betterments are capitalized.

Operating lease revenue is recognized on a straight-line basis over the term of the underlying leases. The initial lease terms vary as to the type of equipment subject to the leases; the needs of the lessees and the terms to be negotiated, but initial leases were generally from 24 to 120 months. The difference between rent received and rental revenue recognized is recorded as unearned operating lease income on the balance sheet.

Operating leases are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management considers the equipment underlying the lease contracts for impairment and periodically reviews the credit worthiness of all operating lessees with payments outstanding less than 90 days. Based upon management’s judgment, the related operating leases may be placed on non-accrual status. Leases placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid lease payments is probable. Until such time, revenues are recognized on a cash basis.

The Company earns revenues from its containers, marine vessel and certain other assets based on utilization of such assets or through fixed term leases. Contingent rentals and the associated expenses are recorded when earned and/or incurred. From time to time, the Company incurs “drydocking” costs on its vessel. Drydocking costs include labor and material costs related to refurbishing, overhauling and/or replacing engine and other major mechanical components of the vessel, hull maintenance and other repairs that bring the vessel into seaworthy compliance with U.S. marine codes in order to have it certified as available for charter. Such drydocking costs are capitalized and depreciated over the period between scheduled drydockings, which generally occur every 24 to 30 months. The Company’s marine vessel was last placed in drydock for scheduled maintenance during 2011.

Segment reporting:

The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.

Certain of the Company’s lessee customers have international operations. In these instances, the Company is aware that certain equipment, primarily rail and transportation, may periodically exit the country. However, these lessee customers are US-based, and it is impractical for the Company to track, on an asset-by-asset, day-by-day basis, where these assets are deployed.

The primary geographic region in which the Company sought leasing opportunities was North America. The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the nine months ended September 30, 2014 and 2013 and long-lived tangible assets as of September 30, 2014 and December 31, 2013 (dollars in thousands):

		For The Nine Months Ended September 30,
		2014	% of Total		2013	% of Total
Revenue
United States	$	2,888	100%	$	4,821	98%
Canada		-	0%		74	2%
Total International		-	0%		74	2%
Total	$	2,888	100%	$	4,895	100%
		As of September 30,			As of December 31,
		2014	% of Total		2013	% of Total
Long-lived assets
United States	$	4,655	100%	$	5,497	100%
Canada		-	0%		24	0%
Total International		-	0%		24	0%
Total	$	4,655	100%	$	5,521	100%

Per Unit data:

Net income and distributions per Unit are based upon the weighted average number of Other Members’ Units outstanding during the period.

Recent accounting pronouncements:

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company has evaluated the impact of the new standard on its financial statements and has determined that such impact is virtually non-existent as the new revenue guideline does not affect revenues from leases, which comprise the majority of the Company’s revenues.

In August 2014 the FASB issued Accounting Standards Update 2014-15, Presentation of Financial Statements – Going Concern (subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The new standard provides guidance relative to management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. Management is currently evaluating the standard and its operational and related disclosure requirements.

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Members' Capital (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Other Members Capital Account [Line Items]
Other Members capital account, units issued	13,560,188		13,560,188		13,560,188
Other Members capital account, units outstanding	13,560,188		13,560,188		13,560,188
Other Members capital account, units authorized	15,000,000		15,000,000		15,000,000
Potential repurchase price of Units as a percentage of holder's capital account			100.00%
Distributions declared or paid	$ 0.00	$ 0.00	$ 0.00	$ 0.00	$ 0.25
Initial [Member]
Other Members Capital Account [Line Items]
Other Members capital account, units issued	50		50		50
Other Members [Member]
Other Members Capital Account [Line Items]
Allocation of net income, net losses and distribution allocation percentage			92.50%
Managing Member [Member]
Other Members Capital Account [Line Items]
Allocation of net income, net losses and distribution allocation percentage			7.50%

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Gain Contingencies (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014 item
Gain Contingencies [Line Items]
Gain contingency, number of vessels	3
Gain contingency, unrecorded amount	$ 2,800
Gain contingency, percentage of gross proceeds	10.00%
ATEL Capital Equipment Fund VIII, LLC [Member]
Gain Contingencies [Line Items]
Gain contingency, unrecorded amount	$ 350

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Organization and Limited Liability Company Matters

9 Months Ended

Sep. 30, 2014

Organization And Limited Liability Company Matters [Abstract]

Organization and Limited Liability Company Matters

1. Organization and Limited Liability Company matters:

ATEL Capital Equipment Fund VIII, LLC (the “Company” or the “Fund”) was formed under the laws of the State of California on July 31, 1998. The Company was formed for the purpose of acquiring equipment to engage in equipment leasing and sales activities. The Managing Member or Manager of the Company is ATEL Financial Services, LLC (“AFS”), a California limited liability company. The Company may continue until December 31, 2019. Each Member’s personal liability for obligations of the Company generally will be limited to the amount of their respective contributions and rights to undistributed profits and assets of the Company.

The Company conducted a public offering of 15,000,000Limited Liability Company Units, at a price of $10 per Unit. On January 13, 1999, subscriptions for the minimum number of Units (120,000, representing $1.2 million) had been received (excluding subscriptions from Pennsylvania investors) and AFS requested that the subscriptions be released to the Company. On that date the Company commenced operations in its primary business (acquiring equipment to engage in equipment leasing and sales activities). Gross contributions in the amount of $135.7 million (13,570,188 units) were received as of November 30, 2000, inclusive of $500 of initial Member’s capital investment and $100 of AFS’ capital investment. The offering was terminated on November 30, 2000. As of September 30, 2014, 13,560,188 Units remain issued and outstanding.

The Company’s principal objectives have been to invest in a diversified portfolio of equipment that (i) preserves, protects and returns the Company’s invested capital; (ii) generates regular distributions to the Members of cash from operations and cash from sales or refinancing, with any balance remaining after certain minimum distributions to be used to purchase additional equipment during the reinvestment period (“Reinvestment Period”) (defined as six full years following the year the offering was terminated), which ended December 31, 2006, and (iii) provides additional distributions following the Reinvestment Period and until all equipment has been sold. The Company is governed by its Limited Liability Company Operating Agreement (“Operating Agreement”), as amended.

Pursuant to the Operating Agreement, AFS and/or its affiliates receive compensation and reimbursements for services rendered on behalf of the Company (See Note 4). The Company is required to maintain reasonable cash reserves for working capital, the repurchase of Units and contingencies. The repurchase of Units is solely at the discretion of AFS.

As of September 30, 2014, the Company continues in the liquidation phase of its life cycle as defined in the Operating Agreement.

These unaudited interim financial statements should be read in conjunction with the financial statements and notes thereto contained in the report on Form 10-K for the year ended December 31, 2013, filed with the Securities and Exchange Commission.

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Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 3,794	$ 1,641
Accounts receivable, net of allowance for doubtful accounts of $0 as of September 30, 2014 and $3 as of December 31, 2013	537	574
Prepaid expenses and other assets	21	19
Investments in equipment and leases, net of accumulated depreciation of $28,878 as of September 30, 2014 and $31,907 as of December 31, 2013	4,655	5,521
Total assets	9,007	7,755
Accounts payable and accrued liabilities:
Managing Member	17	369
Other	200	99
Unearned operating lease income	51	74
Total liabilities	268	542
Commitments and contingencies
Members' capital:
Managing Member
Other Members	8,739	7,213
Total Members' capital	8,739	7,213
Total liabilities and Members' capital	$ 9,007	$ 7,755

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Statements of Changes in Members' Capital (Parenthetical) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Statements of Changes in Members' Capital [Abstract]
Distributions to Other Members ($0.25 per Unit)	$ 0.00	$ 0.00	$ 0.00	$ 0.00	$ 0.25

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Investment in Equipment and Leases, Net (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Investment in Equipment and Leases, Net [Abstract]
Depreciation of operating lease assets	$ 104	$ 154	$ 362	$ 530
Average estimated residual value for assets on operating leases	11.00%		11.00%		11.00%
Contingent rental revenue	396	392	1,100	1,400
Net investment in direct financing leases	$ 0		$ 0		$ 0

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Investment in Equipment and Leases, Net (Property on Operating Leases) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	$ 4,231
Additions	(255)
Reclassifications or Dispositions	(119)
Balance September 30, 2014	3,857
Transportation, Rail [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	11,353
Additions	107
Reclassifications or Dispositions	2,828
Balance September 30, 2014	14,288
Containers [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	15,874
Additions
Reclassifications or Dispositions	(3,868)
Balance September 30, 2014	12,006
Transportation, Other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	640
Additions
Balance September 30, 2014	640
Total Property Subject to or Available for Operating Lease [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	27,867
Additions	107
Reclassifications or Dispositions	(1,040)
Balance September 30, 2014	26,934
Less Accumulated Depreciation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	(23,636)
Additions	(362)
Reclassifications or Dispositions	921
Balance September 30, 2014	$ (23,077)

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Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Operating activities:
Net income	$ 680	$ 597	$ 1,526	$ 3,264
Adjustments to reconcile net income to cash provided by operating activities:
Gain on sales of assets	(54)	(131)	(235)	(1,690)
Depreciation of operating lease assets	104	154	362	530
Provision for (reversal of) credit losses		3	(3)	(7)
Changes in operating assets and liabilities:
Accounts receivable	(16)	70	40	173
Prepaid expenses and other assets	(7)	(9)	(2)	(4)
Accounts payable, Managing Member	(6)	12	(352)	(452)
Accounts payable, other	(21)	18	(6)	(68)
Unearned operating lease income	26	24	(23)	(16)
Net cash provided by operating activities	706	738	1,307	1,730
Investing activities:
Proceeds from sales of lease assets	143	384	846	2,144
Principal payments received on direct financing leases				48
Net cash provided by investing activities	143	384	846	2,192
Financing activities:
Net cash provided by financing activities
Net increase in cash and cash equivalents	849	1,122	2,153	3,922
Cash and cash equivalents at beginning of period	2,945	3,316	1,641	516
Cash and cash equivalents at end of period	3,794	4,438	3,794	4,438
Supplemental disclosures of cash flow information:
Cash paid during the period for taxes			15	17
Improvements to equipment on operating leases	$ 107		$ 107

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Balance Sheets (Parenthetical) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 0	$ 3
Investments in equipment and leases, accumulated depreciation	$ 28,878	$ 31,907

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Investment in Equipment and Leases, Net (Tables)

9 Months Ended

Sep. 30, 2014

Investment in Equipment and Leases, Net [Abstract]

Investment in Leases

The Company’s investment in leases consists of the following (in thousands):

		Balance December 31, 2013		Reclassifications & Additions / Dispositions		Depreciation/ Amortization Expense or Amortization of Leases		Balance September 30, 2014
Net investment in operating leases	$	4,231	$	(12)	$	(362)	$	3,857
Assets held for sale or lease, net		1,290		(492)		-		798
Total	$	5,521	$	(504)	$	(362)	$	4,655

Property on Operating Leases

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

		Balance December 31, 2013		Additions		Reclassifications or Dispositions		Balance September 30, 2014
Transportation, rail	$	11,353	$	107	$	2,828	$	14,288
Containers		15,874		-		(3,868)		12,006
Other		640		-		-		640
		27,867		107		(1,040)		26,934
Less accumulated depreciation		(23,636)		(362)		921		(23,077)
Total	$	4,231	$	(255)	$	(119)	$	3,857

Future Minimum Lease Payments Receivable

At September 30, 2014, the aggregate amount of future lease payments associated with operating leases is as follows  (in thousands):

		Operating Leases
Three months ending December 31, 2014	$	459
Year ending December 31, 2015		1,127
2016		752
2017		432
2018		78
2019		4
Thereafter		2
	$	2,854

Schedule of Useful Lives of Assets

As of September 30, 2014 and December 31, 2013, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):

Equipment category	Useful Life
Transportation, rail	35-40
Containers	20-30

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Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 31, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Entity Registrant Name	ATEL CAPITAL EQUIPMENT FUND VIII LLC
Entity Central Index Key	0001069152
Current Fiscal Year End Date	--12-31
Trading Symbol	zzhjb
Entity Filer Category	Smaller Reporting Company
Entity Units Outstanding		13,560,188

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Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2014

Related Party Transactions [Abstract]

Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement

During the three and nine months ended September 30, 2014 and 2013, AFS and/or affiliates earned fees and billed for reimbursements pursuant to the Operating Agreement as follows (in thousands):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
Asset management fees to Managing Member	$	25	$	25	$	68	$	86
Cost reimbursements to Managing Member		59		77		186		229
	$	84	$	102	$	254	$	315

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Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Leasing activities:
Operating leases	$ 1,013	$ 888	$ 2,649	$ 3,030
Gain on sales of assets	54	131	235	1,690
Interest	1		1
Other revenue	3	67	3	175
Total revenues	1,071	1,086	2,888	4,895
Expenses:
Depreciation of operating lease assets	104	154	362	530
Asset management fees to Managing Member	25	25	68	86
Vessel maintenance				107
Railcar maintenance	90	101	270	288
Cost reimbursements to Managing Member	59	77	186	229
Other management fees	28	22	74	72
Railcar storage fees	13	25	83	62
Professional fees	36	27	150	108
Insurance	5	13	31	12
Provision for (reversal of) credit losses		3	(3)	(7)
Taxes on income and franchise fees			2	26
Postage		7	5	13
Printing and photocopying		3	11	11
Freight and shipping	7	2	54	14
Other	24	30	69	80
Total expenses	391	489	1,362	1,631
Net income	680	597	1,526	3,264
Net income:
Managing Member
Other Members	680	597	1,526	3,264
Net income	$ 680	$ 597	$ 1,526	$ 3,264
Net income per Limited Liability Company Unit (Other Members)	$ 0.05	$ 0.04	$ 0.11	$ 0.24
Weighted average number of Units outstanding	13,560,188	13,560,188	13,560,188	13,560,188

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Guarantees

9 Months Ended

Sep. 30, 2014

Guarantees [Abstract]

Guarantees

5. Guarantees:

The Company enters into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

The Managing Member knows of no facts or circumstances that would make the Company’s contractual commitments outside standard mutual covenants applicable to commercial transactions between businesses. Accordingly, the Company believes that these indemnification obligations are made in the ordinary course of business as part of standard commercial and industry practice, and that any potential liability under the Company’s similar commitments is remote. Should any such indemnification obligation become payable, the Company would separately record and/or disclose such liability in accordance with GAAP.

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Related Party Transactions

9 Months Ended

Sep. 30, 2014

Related Party Transactions [Abstract]

Related Party Transactions

4. Related party transactions:

The terms of the Operating Agreement provide that AFS and/or affiliates are entitled to receive certain fees for equipment management and resale and for management of the Company.

The Operating Agreement allows for the reimbursement of costs incurred by AFS for providing administrative services to the Company. Administrative services provided include Company accounting, finance/treasury, investor relations, legal counsel and lease and equipment documentation. AFS is not reimbursed for services whereby it is entitled to receive a separate fee as compensation for such services, such as management of equipment.

Each of ATEL Leasing Corporation (“ALC”) and AFS is a wholly-owned subsidiary of ATEL Capital Groupand performs services for the Company. Acquisition services, equipment management, lease administration and asset disposition services are performed by ALC; investor relations, communications services and general administrative services are performed by AFS.

Cost reimbursements to the Managing Member are based on its costs incurred in performing administrative services for the Company. These costs are allocated to each managed entity based on certain criteria such as total assets, number of investors or contributed capital based upon the type of cost incurred.

During the three and nine months ended September 30, 2014 and 2013, AFS and/or affiliates earned fees and billed for reimbursements pursuant to the Operating Agreement as follows (in thousands):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
Asset management fees to Managing Member	$	25	$	25	$	68	$	86
Cost reimbursements to Managing Member		59		77		186		229
	$	84	$	102	$	254	$	315

The Fund’s Operating Agreement places an annual and cumulative limit for cost reimbursements to AFS and/or its affiliates. Any reimbursable costs incurred by AFS and/or affiliates during the year exceeding the annual and/or cumulative limits cannot be reimbursed in the current year, though such costs may be reimbursable in future years to the extent such amounts may be payable if within the annual and cumulative limits in such future years. The Fund is a finite life and self-liquidating entity, and AFS and its affiliates have no recourse against the Fund for the amount of any unpaid excess reimbursable administrative expenses. The Fund will continue to require administrative services from AFS and its affiliates through the end of its term, and will therefore continue to incur reimbursable administrative expenses in each year. The Fund has determined that payment of any amounts in excess of the annual and cumulative limits is not probable, and the date any portion of such amount may be paid, if ever, is uncertain. When the Fund completes its liquidation stage and terminates, any unpaid amount will expire unpaid, with no claim by AFS or its affiliates against any liquidation proceeds or any party for the unpaid balance. For the year ending December 31, 2014, it is not anticipated that any further billings to the Fund will equal or exceed the annual or cumulative reimbursable expense limitation. Such is reflective of the continued diminishing Fund asset base over which reimbursements are calculated.

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Investment in Equipment and Leases, Net (Investment in Leases) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
Leases Disclosure [Line Items]
Balance December 31, 2013	$ 5,521
Reclassifications, Additions/ Dispositions	(504)
Depreciation/ Amortization Expense or Amortization of Leases	(362)
Balance September 30, 2014	4,655
Operating Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2013	4,231
Reclassifications, Additions/ Dispositions	(12)
Depreciation/ Amortization Expense or Amortization of Leases	(362)
Balance September 30, 2014	3,857
Assets Held For Sale or Lease [Member]
Leases Disclosure [Line Items]
Balance December 31, 2013	1,290
Reclassifications, Additions/ Dispositions	(492)
Balance September 30, 2014	$ 798

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Organization and Limited Liability Company Matters (Narrative) (Details) (USD $)	0 Months Ended			73 Months Ended	194 Months Ended
	Nov. 30, 2000	Jan. 13, 1999	Dec. 07, 1998	Dec. 31, 2006	Sep. 30, 2014	Dec. 31, 2013
Organization And Limited Liability Company Matters [Abstract]
Business cessation date					Dec. 31, 2019
Public offering of Limited Liability Company Units			15,000,000
Public offering of Limited Liability Company Units, price per Unit			$ 10
Sale of Limited Liability Company Units, number of Units		120,000
Proceeds from sale of Limited Liability Company Units		$ 1,200,000
Contributions received	135,700,000
Contributions Units received	13,570,188
Contributions of capital	500
Capital investment	$ 100
Units issued					13,560,188	13,560,188
Units outstanding					13,560,188	13,560,188
Reinvestment period				6 years

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Summary of Significant Accounting Policies (Policy)

9 Months Ended

Sep. 30, 2014

Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and nine months ended September 30, 2014 are not necessarily indicative of the results to be expected for the full year.

Certain prior period amounts may have been reclassified to conform to the current period presentation. These reclassifications had no significant effect on the reported financial position or results of operations.

Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.

In preparing the accompanying financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after September 30, 2014, up until the issuance of the financial statements. No events were noted which would require additional disclosure in the footnotes to the financial statements, or adjustments thereto.

Use of Estimates

Use of estimates:

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates relate primarily to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and determination of the allowance for doubtful accounts.

Equipment on Operating Leases and Related Revenue Recognition

Equipment on operating leases and related revenue recognition:

Equipment subject to operating leases is stated at cost. Depreciation is being recognized on a straight-line method over the terms of the related leases to the equipment’s estimated residual values. Off-lease equipment is generally not subject to depreciation. The Company depreciates all lease assets, in accordance with guidelines consistent with ASC 840-20-35-3, over the periods of the lease terms contained in each asset’s respective lease contract to the estimated residual value at the end of the lease contract. All lease assets are purchased only concurrent with the execution of a lease commitment by the lessee. Thus, the original depreciation period corresponds with the term of the original lease. Once the term of an original lease contract is completed, the subject property is typically sold to the existing user, re-leased to the existing user, or, when off-lease, is held for sale. Assets which are re-leased continue to be depreciated using the terms of the new lease agreements and the estimated residual values at the end of the new lease terms, adjusted downward as necessary. Assets classified as held-for-sale are carried at the lower of carrying amount, or the fair value less cost to sell (ASC 360-10-35-43).

The Company does not use the equipment held in its portfolio, but holds it solely for lease and ultimate sale. In the course of marketing equipment that has come off-lease, management may determine at some point that re-leasing the assets may provide a superior return for investors and would then execute another lease. Upon entering into a new lease contract, management will estimate the residual value once again and resume depreciation. If, and when, the Company, at any time, determines that depreciation in value may have occurred with respect to an asset held-for-sale, the Company would review the value to determine whether a material reduction in value had occurred and recognize any appropriate impairment. All lease assets, including off-lease assets, are subject to the Company’s quarterly impairment analysis, as described in Note 3. Maintenance costs associated with the Fund’s portfolio of leased assets are expensed as incurred. Major additions and betterments are capitalized.

Operating lease revenue is recognized on a straight-line basis over the term of the underlying leases. The initial lease terms vary as to the type of equipment subject to the leases; the needs of the lessees and the terms to be negotiated, but initial leases were generally from 24 to 120 months. The difference between rent received and rental revenue recognized is recorded as unearned operating lease income on the balance sheet.

Operating leases are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management considers the equipment underlying the lease contracts for impairment and periodically reviews the credit worthiness of all operating lessees with payments outstanding less than 90 days. Based upon management’s judgment, the related operating leases may be placed on non-accrual status. Leases placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid lease payments is probable. Until such time, revenues are recognized on a cash basis.

The Company earns revenues from its containers, marine vessel and certain other assets based on utilization of such assets or through fixed term leases. Contingent rentals and the associated expenses are recorded when earned and/or incurred. From time to time, the Company incurs “drydocking” costs on its vessel. Drydocking costs include labor and material costs related to refurbishing, overhauling and/or replacing engine and other major mechanical components of the vessel, hull maintenance and other repairs that bring the vessel into seaworthy compliance with U.S. marine codes in order to have it certified as available for charter. Such drydocking costs are capitalized and depreciated over the period between scheduled drydockings, which generally occur every 24 to 30 months. The Company’s marine vessel was last placed in drydock for scheduled maintenance during 2011.

Segment Reporting

Segment reporting:

The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.

Certain of the Company’s lessee customers have international operations. In these instances, the Company is aware that certain equipment, primarily rail and transportation, may periodically exit the country. However, these lessee customers are US-based, and it is impractical for the Company to track, on an asset-by-asset, day-by-day basis, where these assets are deployed.

The primary geographic region in which the Company sought leasing opportunities was North America. The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the nine months ended September 30, 2014 and 2013 and long-lived tangible assets as of September 30, 2014 and December 31, 2013 (dollars in thousands):

		For The Nine Months Ended September 30,
		2014	% of Total		2013	% of Total
Revenue
United States	$	2,888	100%	$	4,821	98%
Canada		-	0%		74	2%
Total International		-	0%		74	2%
Total	$	2,888	100%	$	4,895	100%
		As of September 30,			As of December 31,
		2014	% of Total		2013	% of Total
Long-lived assets
United States	$	4,655	100%	$	5,497	100%
Canada		-	0%		24	0%
Total International		-	0%		24	0%
Total	$	4,655	100%	$	5,521	100%

Per Unit Data

Per Unit data:

Net income and distributions per Unit are based upon the weighted average number of Other Members’ Units outstanding during the period.

Recent Accounting Pronouncements

Recent accounting pronouncements:

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company has evaluated the impact of the new standard on its financial statements and has determined that such impact is virtually non-existent as the new revenue guideline does not affect revenues from leases, which comprise the majority of the Company’s revenues.

In August 2014 the FASB issued Accounting Standards Update 2014-15, Presentation of Financial Statements – Going Concern (subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The new standard provides guidance relative to management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. Management is currently evaluating the standard and its operational and related disclosure requirements.

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Gain Contingencies

9 Months Ended

Sep. 30, 2014

Gain Contingencies [Abstract]

Gain Contingencies

6.  Gain contingencies:

ATEL filed a claim on behalf of the Company and certain affiliated entities in Federal court in New Orleans for the under-reporting of revenue by a fleet manager of three marine vessels, seeking to recover an approximate amount of 10% of gross proceeds, which in the aggregate for all affiliated entities represents $2.8 million for the years 2005-2007 (of which the Company’s portion is an approximate $350 thousand). The annual allocable portion of the claim is not considered material to the Company in any given year. The trial was concluded during the first week of August 2012. In October 2012, the matter was remitted to the Federal Judge to render a decision on both the law and the facts. The decision of the Court was rendered at the end of June 2013 and the court found in favor of the defendants. The Company filed an appeal of the court’s decision and remained hopeful for a recovery of all or portion of its asserted claims.  As a result of the ruling, the defendants filed a claim for legal fees and costs, however, this was denied. Oral arguments for the appeal of the case in substance were heard June 2, 2014, and on June 6, 2014, the Fifth Circuit Appellate Court rendered its decision denying the appeal.

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Members' Capital

9 Months Ended

Sep. 30, 2014

Members Capital [Abstract]

Members' Capital

7. Members’ capital:

As of September 30, 2014 and December 31, 2013,  13,560,188 Units were issued and outstanding. The Company was authorized to issue up to 15,000,000 Units in addition to the Units issued to the initial Members (50 Units).

The Company has the right, exercisable at the Managing Member’s discretion, but not the obligation, to repurchase Units of a Unitholder who ceases to be a U.S. Citizen, for a price equal to 100% of the holder’s capital account. The Company is otherwise permitted, but not required, to repurchase Units upon a holder’s request. The repurchase of Fund units is made in accordance with Section 13 of the Amended and Restated Limited Liability Company Operating Agreement. The repurchase would be at the discretion of the Managing Member on terms it determines to be appropriate under given circumstances, in the event that the Managing Member deems such repurchase to be in the best interest of the Company; provided,the Company is never required to repurchase any Units. Upon the repurchase of any Units by the Fund, the tendered Units are cancelled. Units repurchased in prior periods were repurchased at amounts representing the original investment less cumulative distributions made to the Unitholder with respect to the Units. All Units repurchased during a quarter are deemed to be repurchased effective the last day of the preceding quarter, and are not deemed to be outstanding during, or entitled to allocations of net income, net loss or distributions for the quarter in which such repurchase occurs.

As defined in the Operating Agreement, the Company’s Net Income, Net Losses, and Distributions are to be allocated 92.5% to the Other Members and 7.5% to AFS.

There were no  distributions declared or paid during the three and nine months ended September 30, 2014 and 2013.

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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2014

Summary of Significant Accounting Policies [Abstract]

Summary of Geographic Information Relating to Sources, by Nation, of Partnership's Total Revenue and Long-Lived Assets

The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the nine months ended September 30, 2014 and 2013 and long-lived tangible assets as of September 30, 2014 and December 31, 2013 (dollars in thousands):

		For The Nine Months Ended September 30,
		2014	% of Total		2013	% of Total
Revenue
United States	$	2,888	100%	$	4,821	98%
Canada		-	0%		74	2%
Total International		-	0%		74	2%
Total	$	2,888	100%	$	4,895	100%
		As of September 30,			As of December 31,
		2014	% of Total		2013	% of Total
Long-lived assets
United States	$	4,655	100%	$	5,497	100%
Canada		-	0%		24	0%
Total International		-	0%		24	0%
Total	$	4,655	100%	$	5,521	100%

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Summary of Significant Accounting Policies (Summary of Geographic Information Relating to Sources, by Nation, of Partnership's Total Revenue and Long-Lived Assets) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 1,071	$ 1,086	$ 2,888	$ 4,895
Percentage of total revenue			100.00%	100.00%
Long-lived assets	4,655		4,655		5,521
Percentage of long-lived assets	100.00%		100.00%		100.00%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues			2,888	4,821
Percentage of total revenue			100.00%	98.00%
Long-lived assets	4,655		4,655		5,497
Percentage of long-lived assets	100.00%		100.00%		100.00%
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues				74
Percentage of total revenue			0.00%	2.00%
Long-lived assets					24
Percentage of long-lived assets	0.00%		0.00%		0.00%
Total International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues				74
Percentage of total revenue			0.00%	2.00%
Long-lived assets					$ 24
Percentage of long-lived assets	0.00%		0.00%		0.00%

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Investment in Equipment and Leases, Net (Schedule of Useful Lives of Assets) (Details)	9 Months Ended
	Sep. 30, 2014
Minimum [Member] | Transportation, Rail [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	35 years
Minimum [Member] | Containers [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	20 years
Maximum [Member] | Transportation, Rail [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	40 years
Maximum [Member] | Containers [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	30 years

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Statements of Changes in Members' Capital (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Beginning Balance		$ 7,213	$ 7,292	$ 7,292
Distributions to Other Members				(3,390)
Distributions to Managing Member				(275)
Net income	680	1,526	3,264	3,586
Ending Balance	8,739	8,739		7,213
Other Members [Member]
Beginning Balance (in units)		13,560,188	13,560,188	13,560,188
Beginning Balance		7,213	7,292	7,292
Distributions to Other Members				(3,390)
Net income		1,526		3,311
Ending Balance (in units)	13,560,188	13,560,188		13,560,188
Ending Balance	8,739	8,739		7,213
Managing Member [Member]
Distributions to Managing Member				(275)
Net income				$ 275

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Investment in Equipment and Leases, Net

9 Months Ended

Sep. 30, 2014

Investment in Equipment and Leases, Net [Abstract]

Investment in Equipment and Leases, Net

3. Investment in equipment and leases, net:

The Company’s investment in leases consists of the following (in thousands):

		Balance December 31, 2013		Reclassifications & Additions / Dispositions		Depreciation/ Amortization Expense or Amortization of Leases		Balance September 30, 2014
Net investment in operating leases	$	4,231	$	(12)	$	(362)	$	3,857
Assets held for sale or lease, net		1,290		(492)		-		798
Total	$	5,521	$	(504)	$	(362)	$	4,655

Impairment of investments in leases and assets held for sale or lease:

Recorded values of the Company’s leased asset portfolio are reviewed each quarter to confirm the reasonableness of established residual values and to determine whether there is indication that an asset impairment might have taken place. The Company uses a variety of sources and considers many factors in evaluating whether the respective book values of its assets are appropriate. In addition, the company may direct a residual value review at any time if it becomes aware of issues regarding the ability of a lessee to continue to make payments on its lease contract. An impairment loss is measured and recognized only if the estimated undiscounted future cash flows of the asset are less than their net book value. The estimated undiscounted future cash flows are the sum of the residual value of the asset at the end of the asset’s lease contract and undiscounted future rents from the existing lease contract. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the marketplace are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date. Upward adjustments for impairments recognized in prior periods are not made in any circumstances.

As a result of these reviews, management determined that no impairment losses existed during the three and nine months ended September 30, 2014 and 2013.

The Company utilizes a straight line depreciation method over the term of the equipment lease for equipment on operating leases currently in its portfolio. Depreciation expense on the Company’s equipment totaled $104 thousand and $154 thousand for the respective three months ended September 30, 2014 and 2013, and $362 thousand and $530 thousand for the respective nine months ended September 30, 2014 and 2013.  

All of the remaining property on lease was acquired during the years 1999 through 2001.

Operating leases:

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

		Balance December 31, 2013		Additions		Reclassifications or Dispositions		Balance September 30, 2014
Transportation, rail	$	11,353	$	107	$	2,828	$	14,288
Containers		15,874		-		(3,868)		12,006
Other		640		-		-		640
		27,867		107		(1,040)		26,934
Less accumulated depreciation		(23,636)		(362)		921		(23,077)
Total	$	4,231	$	(255)	$	(119)	$	3,857

The average estimated residual value for assets on operating leases was 11% of the assets’ original costat both September 30, 2014 and December 31, 2013. There were no operating leases in non-accrual status at September 30, 2014 and December 31, 2013.

The Company may earn revenues from its containers, marine vessel and certain other assets based on utilization of such assets or through fixed term leases. Contingent rentals (i.e., short-term, operating charter hire payments) and the associated expenses are recorded when earned and/or incurred. The revenues associated with these rentals are included as a component of operating lease revenues, and totaled $396 thousand and $392 thousand for the respective three months ended September 30, 2014 and 2013, and $1.1 million and $1.4 million for the respective nine months ended September 30, 2014 and 2013.  

Direct financing leases:

As of September 30, 2014 and December 31, 2013, the Company had no investment in direct financing leases, as its remaining finance lease matured on July 1, 2013.

At September 30, 2014, the aggregate amount of future lease payments associated with operating leases is as follows  (in thousands):

		Operating Leases
Three months ending December 31, 2014	$	459
Year ending December 31, 2015		1,127
2016		752
2017		432
2018		78
2019		4
Thereafter		2
	$	2,854

The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of September 30, 2014 and December 31, 2013, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):

Equipment category	Useful Life
Transportation, rail	35-40
Containers	20-30

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Related Party Transactions (Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Related Party Transactions [Abstract]
Asset management fees to Managing Member	$ 25	$ 25	$ 68	$ 86
Cost reimbursements to Managing Member	59	77	186	229
Related party transaction, total	$ 84	$ 102	$ 254	$ 315

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Summary of Significant Accounting Policies (Narrative) (Details)	9 Months Ended
	Sep. 30, 2014 segment
Summary Of Significant Accounting Policies [Line Items]
Number of reportable segments	1
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating leases, initial terms	24 months
Operating leases, period for non accrual status	90 days
Drydocking equipment period	24 months
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating leases, initial terms	120 months
Operating leases, period of review for impairment	90 days
Drydocking equipment period	30 months