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LEASING EQUIPMENT
 9 Months Ended
Sep. 30, 2015
Leases [Abstract]  
LEASING EQUIPMENT, NET
LEASING EQUIPMENT, NET
Leasing equipment, net is summarized as follows:
 
September 30, 2015
Equipment
Aviation Leasing
 
Offshore Energy
 
Jefferson Terminal
 
Total
Leasing equipment:
$
426,142

 
$
182,355

 
$
44,327

 
$
652,824

Less: Accumulated depreciation
(27,332
)
 
(8,204
)
 
(1,269
)
 
(36,805
)
Leasing equipment, net
$
398,810

 
$
174,151

 
$
43,058

 
$
616,019

 
December 31, 2014
Equipment
Aviation Leasing
 
Offshore Energy
 
Jefferson Terminal
 
Total
Leasing equipment:
$
298,204

 
$
182,355

 
$
44,326

 
$
524,885

Less: Accumulated depreciation
(11,331
)
 
(3,737
)
 
(438
)
 
(15,506
)
Leasing equipment, net
$
286,873

 
$
178,618

 
$
43,888

 
$
509,379


During the nine months ended September 30, 2015, the Company acquired seventeen commercial jet engines and four aircraft, and also sold three commercial jet engines. Depreciation expense for leasing equipment for the three and nine months ended September 30, 2015 was $7,888 and $22,072 respectively. Depreciation expense for leasing equipment for the three and nine months ended September 30, 2014 was $3,136 and $7,633, respectively.