Investments In Equipment And Leases (Tables)

12 Months Ended

Dec. 31, 2014

Investments in Equipment and Leases [Abstract]

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


		Balance December 31, 2013		Reclassifications & Additions / Dispositions		Depreciation/ Amortization Expense or Amortization of Leases		Balance December 31, 2014
Net investment in operating leases	$	3,162	$	(108)	$	(154)	$	2,900
Assets held for sale or lease, net		2,481		(3)		-		2,478
Total	$	5,643	$	(111)	$	(154)	$	5,378

Property on Operating Leases

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


		Balance December 31, 2013		Additions		Reclassifications or Dispositions		Balance December 31, 2014
Transportation	$	22,757	$	-	$	(1,939)	$	20,818
Materials handling		83		-		-		83
		22,840		-		(1,939)		20,901
Less accumulated depreciation		(19,678)		(154)		1,831		(18,001)
Total	$	3,162	$	(154)	$	(108)	$	2,900

Future Minimum Lease Payments Receivable

At December 31, 2014, the aggregate amounts of future minimum lease payments are as follows (in thousands):


		Operating Leases
Year ending December 31, 2015	$	997
2016		637
2017		398
2018		157
2019		46
	$	2,235

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 December 31, 2014 and 2013, 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

ATEL CAPITAL EQUIPMENT FUND VII LP 10-K