Carson Development (Carson Development) Long-Term Capital Lease Obligation : $0.10 Mil (As of Sep. 2002)

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What is Carson Development Long-Term Capital Lease Obligation?

Carson Development's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2002 was $0.10 Mil.

Carson Development's quarterly Long-Term Capital Lease Obligation increased from Mar. 2002 ($0.00 Mil) to Jun. 2002 ($0.14 Mil) but then declined from Jun. 2002 ($0.14 Mil) to Sep. 2002 ($0.10 Mil).

Carson Development Long-Term Capital Lease Obligation Historical Data

The historical data trend for Carson Development'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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Carson Development Long-Term Capital Lease Obligation Chart

Carson Development Annual Data

Trend

Dec99

Dec00

Dec01

Long-Term Capital Lease Obligation

Carson Development Quarterly Data
	Mar99	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							-	-	-	0.14	0.10

Carson Development (OTCPK:CDVM) 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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Carson Development (Carson Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Carson Development Corp (OTCPK:CDVM) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

6917 West 135th Street, Suite B-29, Overland Park, KS, USA, 66223

Website

http://www.carsondevelopmentinc.com

Carson Development Corp is a Real Estate company. It includes the purchase of raw ground, developing the ground, constructing homes-apartment complexes-shopping centers-businesses, and then managing the property once it is complete.

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