Amica Mature Lifestyles (TSX:ACC) Long-Term Capital Lease Obligation : C$0.0 Mil (As of Aug. 2015)

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What is Amica Mature Lifestyles Long-Term Capital Lease Obligation?

Amica Mature Lifestyles's Long-Term Capital Lease Obligation for the quarter that ended in Aug. 2015 was C$0.0 Mil.

Amica Mature Lifestyles Long-Term Capital Lease Obligation Historical Data

The historical data trend for Amica Mature Lifestyles'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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Amica Mature Lifestyles Long-Term Capital Lease Obligation Chart

Amica Mature Lifestyles Annual Data

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Long-Term Capital Lease Obligation

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Amica Mature Lifestyles Quarterly Data
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Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	-	-	-	-

Amica Mature Lifestyles (TSX:ACC) 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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Amica Mature Lifestyles (TSX:ACC) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Amica Mature Lifestyles Inc (TSX:ACC) » Definitions » Long-Term Capital Lease Obligation

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Website

http://www.amica.ca

Amica Mature Lifestyles Inc was incorporated on November 5, 1996 under the Business Corporations Act (Alberta) and on December 7, 1998, was continued under the Canada Business Corporations Act. The Company is engaged in the design, development, marketing, management and ownership of luxury seniors residences. The Company earns revenues from the ownership and operation of senior residences, management fees based on gross revenue of the seniors residences, design and marketing fees during the development, construction and lease-up of the seniors residences, guarantee fees on the co-tenancy debt that the Company has guaranteed and interest income on loans advanced by the Company to the co-tenancies.