American Cordillera Mining (American Cordillera Mining) Long-Term Capital Lease Obligation : $0.00 Mil (As of May. 2015)

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What is American Cordillera Mining Long-Term Capital Lease Obligation?

American Cordillera Mining's Long-Term Capital Lease Obligation for the quarter that ended in May. 2015 was $0.00 Mil.

American Cordillera Mining Long-Term Capital Lease Obligation Historical Data

The historical data trend for American Cordillera Mining's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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American Cordillera Mining Long-Term Capital Lease Obligation Chart

American Cordillera Mining Annual Data

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Long-Term Capital Lease Obligation

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American Cordillera Mining Quarterly Data
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American Cordillera Mining (OTCPK:AUAG) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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American Cordillera Mining (American Cordillera Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Cordillera Mining Corp (OTCPK:AUAG) » Definitions » Long-Term Capital Lease Obligation

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Address

Website

http://amcormining.com

American Cordillera Mining Corp was incorporated on July 23, 1996 under the laws of the State of Nevada. The company acquires, import, market, and sell valuable antiquity and art items of Asian origin. These items include things like furniture, works of art, antiques, glass works, porcelain, statues, pottery, sculptures and other collectibles and collector items that have their origin in the Far East. They acquire pieces through a number of reputable agents and wholesale distribution sources in Hong Kong and the People's Republic of China.

Executives

Wah On Wong

director, officer: Secretary

ROOM 2204 22F WEST TOWER SHUN TAK CENTER, 200 CONNAUGHT ROAD CENTRAL, SHEUNG WAN K3 -

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