2.4.0.8000060 - Disclosure - Accounting Policiestruefalsefalse1false falsefalseD130101_130630http://www.sec.gov/CIK0001351901duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_DisclosureTextBlockAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Notes2false 2us-gaap_SignificantAccountingPoliciesTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00 1. Business   Commonwealth Income and Growth Fund VI (the Partnership) is a limited partnership organized in the Commonwealth of Pennsylvania on January 6, 2006.  The Partnership offered for sale up to  2,500,000 units of the limited partnership at the purchase price of $20 per unit (the offering). The Partnership reached the minimum amount in escrow and commenced operations on May 10, 2007.  The offering terminated on March 6, 2009 with 1,810,311 units sold for a total of approximately $36,000,000 in limited partner contributions. The Partnership uses the proceeds of the offering to acquire, own and lease various types of information technology equipment and other similar capital equipment, which will be leased primarily to U.S. corporations and institutions.  Commonwealth Capital Corp. (CCC), on behalf of the Partnership and other affiliated partnerships, acquires equipment subject to associated debt obligations and lease agreements and allocates a participation in the cost, debt and lease revenue to the various partnerships that it manages based on certain risk factors. The Partnerships General Partner is Commonwealth Income & Growth Fund, Inc. (the General Partner), a Pennsylvania corporation which is an indirect wholly owned subsidiary of CCC. CCC is a member of the Investment Program Association (IPA), Financial Planning Association (FPA), and the Equipment Leasing and Finance Association (ELFA).   Approximately ten years after the commencement of operations, the Partnership intends to sell or otherwise dispose of all of its equipment, make final distributions to partners, and to dissolve.  Unless sooner terminated or extended pursuant to the terms of its Limited Partnership Agreement, the Partnership will continue until December 31, 2018. 2. Summary of Significant Accounting Policies   Basis of Presentation The financial information presented as of any date other than December 31, 2012 has been prepared from the books and records without audit.  Financial information as of December 31, 2012 has been derived from the audited financial statements of the Partnership, but does not include all disclosures required by generally accepted accounting principles to be included in audited financial statements.  In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial information for the periods indicated, have been included.  For further information regarding the Partnerships accounting policies, refer to the financial statements and related notes included in the Partnerships annual report on Form 10-K for the year ended December 31, 2012.  Operating results for the six months ended June 30, 2013 are not necessarily indicative of financial results that may be expected for the full year ending December 31, 2013.     Disclosure of Fair Value      Estimated fair value was determined by management using available market information and appropriate valuation methodologies.  However, judgment was necessary to interpret market data and develop estimated fair value. Cash and cash equivalents, receivables, accounts payable and accrued expenses and other liabilities are carried at amounts which reasonably approximate their fair values as of March 31, 2013 and December 31, 2012 due to the short term nature of these financial instruments. The Partnerships long-term debt consists of notes payable, which are secured by specific equipment and are nonrecourse liabilities of the Partnership. The estimated fair value of this debt at June 30, 2013 and December 31, 2012 approximates the carrying value of these instruments, due to the interest rates on the debt approximating current market interest rates. The Partnership classifies the fair value of its notes payable within Level 2 of the valuation hierarchy based on the observable inputs used to estimate fair value.     Cash and cash equivalents We consider cash equivalents to be highly liquid investments with the original maturity dates of 90 days or less. At June 30, 2013, cash was held in a total of three accounts maintained at one financial institution with an aggregate balance of approximately 359,000.. Bank accounts are federally insured up to $250,000 by the FDIC.  At June 30, 2013, the aggregate cash balances were as follows: <table border="0" cellspacing="0" cellpadding="0" width="100%" style='line-height:115%;width:100.0%'> <tr style='height:24.85pt'> <td width="77%" valign="bottom" style='width:77.88%;border:none;border-bottom:solid black 1.5pt;padding:0;height:24.85pt'> Balance at June 30, </td> <td width="0%" valign="bottom" style='width:.96%;padding:0in 0in 1.5pt 0in;height:24.85pt'>   </td> <td width="20%" colspan="2" valign="bottom" style='width:20.42%;border:none;border-bottom:solid black 1.5pt;padding:0;height:24.85pt'> 2013 </td> <td width="0%" valign="bottom" style='width:.74%;padding:0in 0in 1.5pt 0in;height:24.85pt'>   </td> </tr> <tr style='height:112.3pt'> <td width="77%" valign="bottom" style='width:77.88%;background:#CCEEFF;padding:0;height:112.3pt'> Total bank balance </td> <td width="0%" valign="bottom" style='width:.96%;background:#CCEEFF;padding:0;height:112.3pt'>   </td> <td width="1%" valign="bottom" style='width:1.92%;background:#CCEEFF;padding:0;height:112.3pt'> $ </td> <td width="18%" valign="bottom" style='width:18.5%;background:#CCEEFF;padding:0;height:112.3pt'> 359,000 </td> <td width="0%" valign="bottom" style='width:.74%;background:#CCEEFF;padding:0;height:112.3pt'>   </td> </tr> <tr style='height:127.7pt'> <td width="77%" valign="bottom" style='width:77.88%;border:none;border-bottom:solid black 1.5pt;background:white;padding:0;height:127.7pt'> FDIC insured </td> <td width="0%" valign="bottom" style='width:.96%;background:white;padding:0in 0in 1.5pt 0in;height:127.7pt'>   </td> <td width="1%" valign="bottom" style='width:1.92%;border:none;border-bottom:solid black 1.5pt;background:white;padding:0;height:127.7pt'> $ </td> <td width="18%" valign="bottom" style='width:18.5%;border:none;border-bottom:solid black 1.5pt;background:white;padding:0;height:127.7pt'> (250,000 </td> <td width="0%" valign="bottom" style='width:.74%;background:white;padding:0in 0in 1.5pt 0in;height:127.7pt'> ) </td> </tr> <tr style='height:126.85pt'> <td width="77%" valign="bottom" style='width:77.88%;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0;height:126.85pt'> Uninsured amount </td> <td width="0%" valign="bottom" style='width:.96%;background:#CCEEFF;padding:0in 0in 3.0pt 0in;height:126.85pt'>   </td> <td width="1%" valign="bottom" style='width:1.92%;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0;height:126.85pt'> $ </td> <td width="18%" valign="bottom" style='width:18.5%;border:none;border-bottom:double black 2.25pt;background:#CCEEFF;padding:0;height:126.85pt'> 109,000 </td> <td width="0%" valign="bottom" style='width:.74%;background:#CCEEFF;padding:0in 0in 3.0pt 0in;height:126.85pt'>   </td> </tr> </table>   The Partnership believes it mitigates the risk of holding uninsured deposits by depositing funds with more than one institution and by only depositing funds with major financial institutions.  The Partnership deposits its funds with two institutions that are Moody's Aaa-and Aa3 Rated.   The Partnership has not experienced any losses in such accounts, and believes it is not exposed to any significant credit risk.  The amounts in such accounts will fluctuate throughout 2013 due to many factors, including cash receipts, equipment acquisitions, interest rates and distributions to investors. Recent Accounting Pronouncements In October 2012, the FASB issued ASU No. 2012-04 (ASU Update 2012-04), Technical Corrections and Improvements. The amendments in this Update represent changes to clarify the Codification, correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. The amendments in this ASU that will not have transition guidance are effective upon issuance of the ASU, which is the fourth quarter of 2012. The amendments that are subject to transition guidance will be effective for fiscal periods beginning after December 15, 2012. The Partnership adopted this ASU during the first quarter of 2013 and determined it had no material impact on its financial statements. In April 2013, the FASB issued ASU No. 2013-07 (ASU Updated 2013-07), Presentation of Financial Statements(Topic 205): Liquidation Basis of Accounting. This ASU provides guidance on the application of the liquidation basis of accounting as provided by U.S. GAAP. The guidance will improve the consistency of financial reporting for liquidating entities. The guidance in this ASU is effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013, and interim reporting periods therein. The Partnership anticipates the ASU will not have a material impact on its financial statements once adopted during the liquidation stage of its life cycle.     3. Information Technology, Medical Technology, Telecommunications Technology, Inventory Management Equipment (Equipment) The Partnership is the lessor of equipment under leases with periods that generally will range from 12 to 48 months.  In general, associated costs such as repairs and maintenance, insurance and property taxes are paid by the lessee. Remarketing fees will be paid to the leasing companies from which the Partnership purchases leases.  These are fees that are earned by the leasing companies when the initial terms of the lease have been met.  The General Partner believes that this strategy adds value since it entices the leasing company to remain actively involved with the lessees for potential extensions, remarketing or sale of equipment.  This strategy is designed to minimize any conflicts the leasing company may have with a new lessee and may assist in maximizing overall portfolio performance.  The remarketing fee is tied into lease performance thresholds and is a factor in the negotiation of the fee.  Remarketing fees incurred in connection with lease extensions are accounted for as operating costs.  Remarketing fees incurred in connection with the sale of equipment are included in the gain or loss calculations.  During the six months ended June 30, 2013 and 2012, remarketing fees were incurred in the amounts of approximately $30,000 and 73,000. For the six months ended June 30, 2013 and 2012, cash paid for remarketing fees was approximately $61,000 and $58,000, respectively.  CCC, on behalf of the Partnership and on behalf of other affiliated partnerships, acquires equipment subject to associated debt obligations and lease agreements and allocates a participation in the cost, debt and lease revenue to the various partnerships based on certain risk factors.  The Partnerships share of the cost of the equipment in which it participates with other partnerships at June 30, 2013 was approximately $8,174,000 and is included in the equipment on its balance sheet.  The Partnerships share of the outstanding debt associated with this equipment at March 31, 2013 was approximately  $182,000 and is included in the Partnerships notes payable on its balance sheet. The total cost of the equipment shared by the Partnership with other partnerships at June 30, 2013 was approximately $17,623,000. The total outstanding debt related to the equipment shared by the Partnership at June 30, 2013 was approximately $364,000. The Partnerships share of the cost of the equipment in which it participates with other partnerships at December 31, 2012 was approximately $7,951,000 and is included in the equipment on its balance sheet.  The Partnerships share of the outstanding debt associated with this equipment at December 31, 2012 was approximately  $295,000 and is included in the Partnerships notes payable on its balance sheet. The total cost of the equipment shared by the Partnership with other partnerships at December 31, 2012 was approximately $22,501,000. The total outstanding debt related to the equipment shared by the Partnership at December 31, 2012 was approximately $610,000. As the Partnership and the other programs managed by the General Partner increase their overall portfolio size, opportunities for shared participation are expected to continue. Sharing in the acquisition of a lease portfolio gives the fund an opportunity to acquire additional assets and revenue streams, while allowing the fund to remain diversified and reducing its overall risk with respect to one portfolio.  Thus, total shared equipment and related debt should continue to trend higher for the remainder of 2013 as the Partnership builds its portfolio. The following is a schedule of future minimum rentals on noncancellable operating leases at June 30, 2013:   <table border="0" cellspacing="0" cellpadding="0" width="99%" style='line-height:115%;width:99.24%'> <tr align="left"> <td width="73%" valign="bottom" style='width:73.62%;border:none;border-bottom:solid black 1.5pt;padding:0'>   </td> <td width="8%" valign="bottom" style='width:8.72%;padding:0in 0in 1.5pt 0in'>   </td> <td width="17%" colspan="2" valign="bottom" style='width:17.16%;border:none;border-bottom:solid black 1.5pt;padding:0'> Amount </td> <td width="0%" valign="bottom" style='width:.5%;padding:0in 0in 1.5pt 0in'>   </td> </tr> <tr align="left"> <td width="73%" valign="bottom" style='width:73.62%;background:white;padding:0'> Six Months Ended December 31, 2013 </td> <td width="8%" valign="bottom" style='width:8.72%;background:white;padding:0'>   </td> <td width="1%" valign="bottom" style='width:1.94%;background:white;padding:0'>   </td> <td width="15%" valign="bottom" style='width:15.22%;background:white;padding:0'> 1,598,000 </td> <td width="0%" valign="bottom" style='width:.5%;background:white;padding:0'>   </td> </tr> <tr align="left"> <td width="73%" valign="bottom" style='width:73.62%;border:none;border-bottom:solid black 1.5pt;background:#CCEEFF;padding:0'> Year Ended December 31, 2014 </td> <td width="8%" valign="bottom" style='width:8.72%;background:#CCEEFF;padding:0in 0in 1.5pt 0in'>   </td> <td width="1%" valign="bottom" style='width:1.94%;border:none;border-bottom:solid black 1.5pt;background:#CCEEFF;padding:0'>   </td> <td width="15%" valign="bottom" style='width:15.22%;border:none;border-bottom:solid black 1.5pt;background:#CCEEFF;padding:0'> 1,736,000 </td> <td width="0%" valign="bottom" style='width:.5%;background:#CCEEFF;padding:0in 0in 1.5pt 0in'>   </td> </tr> <tr align="left"> <td width="73%" valign="bottom" style='width:73.62%;border:none;border-bottom:solid black 1.5pt;background:#CCEEFF;padding:0'> Year Ended December 31, 2015 </td> <td width="8%" valign="bottom" style='width:8.72%;background:#CCEEFF;padding:0in 0in 1.5pt 0in'>   </td> <td width="1%" valign="bottom" style='width:1.94%;border:none;border-bottom:solid black 1.5pt;background:#CCEEFF;padding:0'>   </td> <td width="15%" valign="bottom" style='width:15.22%;border:none;border-bottom:solid black 1.5pt;background:#CCEEFF;padding:0'> 564,000 </td> <td width="0%" valign="bottom" style='width:.5%;background:#CCEEFF;padding:0in 0in 1.5pt 0in'>   </td> </tr> <tr align="left"> <td width="73%" valign="bottom" style='width:73.62%;border:none;border-bottom:solid black 1.5pt;background:#CCEEFF;padding:0'> Year Ended December 31, 2016 </td> <td width="8%" valign="bottom" style='width:8.72%;background:#CCEEFF;padding:0in 0in 1.5pt 0in'>   </td> <td width="1%" valign="bottom" style='width:1.94%;border:none;border-bottom:solid black 1.5pt;background:#CCEEFF;padding:0'>   </td> <td width="15%" valign="bottom" style='width:15.22%;border:none;border-bottom:solid black 1.5pt;background:#CCEEFF;padding:0'> 34,000 </td> <td width="0%" valign="bottom" style='width:.5%;background:#CCEEFF;padding:0in 0in 1.5pt 0in'>   </td> </tr> <tr align="left"> <td width="73%" valign="bottom" style='width:73.62%;border:none;border-bottom:double black 2.25pt;background:white;padding:0'>   </td> <td width="8%" valign="bottom" style='width:8.72%;background:white;padding:0in 0in 3.0pt 0in'>   </td> <td width="1%" valign="bottom" style='width:1.94%;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> $ </td> <td width="15%" valign="bottom" style='width:15.22%;border:none;border-bottom:double black 2.25pt;background:white;padding:0'> 3,932,000 </td> <td width="0%" valign="bottom" style='width:.5%;background:white;padding:0in 0in 3.0pt 0in'>   </td> </tr> </table>     During June 2013, CCC, on behalf of the Partnership, negotiated a settlement with a significant lessee related to the buy-out of several operating and finance leases. The Partnership received consideration of approximately $386,000 as a result of the settlement. This consideration is recorded as a receivable from CCC in the Partnerships condensed balance sheet at June 30, 2013 as CCC remitted the proceeds to the Partnership in August 2013. Through the settlement, the Partnership reduced its lease income receivable by approximately $269,000 during the three months ended June 30, 2013. The consideration for the buyout of equipment under operating leases was approximately $60,000 which resulted in a net loss on the sale of equipment under operating leases of approximately$116,000 during the three months ended June 30, 2013. As consideration for the buyout of its finance leases, the Partnership applied payments from the lessee which resulted in a decrease in the net investment in finance receivables of approximately $56,000 and recorded a related gain of approximately $1,000 during the three months ended June 30, 2013.         4. Related Party Transactions   As of June 30, 2013, the Companys related party receivables and payables are short term, unsecured and non-interest bearing. <table border="0" cellspacing="0" cellpadding="0" width="100%" style='line-height:115%;width:100.0%'> <tr align="left"> <td valign="bottom" style='border:none;border-bottom:solid black 1.5pt;padding:0'> Six months ended </td> <td valign="bottom" style='padding:0in 0in 1.5pt 0in'></td> <td colspan="2" valign="bottom" style='border:none;border-bottom:solid black 1.5pt;padding:0'> June 30, 2013 </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0in 0in 1.5pt 0in'></td> <td width="1%" valign="bottom" style='width:1.0%;padding:0in 0in 1.5pt 0in'></td> <td colspan="2" valign="bottom" style='border:none;border-bottom:solid black 1.5pt;padding:0'> June 30, 2012 </td> </tr> <tr align="left"> <td valign="bottom" style='border:none;border-bottom:solid black 1.5pt;padding:0'> Reimbursable expenses, which are charged to the Partnership by CCC in connection with the administration and operation of the Partnership, are allocated to the Partnership based upon several factors including, but not limited to, the number of investors, compliance issues, and the number of existing leases. </td> <td valign="bottom" style='padding:0in 0in 1.5pt 0in'>   </td> <td colspan="2" valign="bottom" style='border:none;border-bottom:solid black 1.5pt;padding:0'> 471,000 </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0in 0in 1.5pt 0in'>   </td> <td width="1%" valign="bottom" style='width:1.0%;padding:0in 0in 1.5pt 0in'>   </td> <td colspan="2" valign="bottom" style='border:none;border-bottom:solid black 1.5pt;padding:0'> 526,000 </td> </tr> <tr align="left"> <td width="76%" valign="bottom" style='width:76.74%;background:#CCEEFF;padding:0'> The General Partner is entitled to be paid a monthly fee equal to the lesser of (i) the fees which would be charged by an independent third party for similar services for similar equipment or (ii) the sum of a (a) two percent of (1) the gross lease revenues attributable to equipment which is subject to full payout net leases which contain net lease provisions plus (2) the purchase price paid on conditional sales contracts as received by the Partnership and (b) 5% of the gross lease revenues attributable to equipment which is subject to operating and capital leases. </td> <td width="0%" valign="bottom" style='width:.98%;background:#CCEEFF;padding:0'></td> <td width="1%" valign="bottom" style='width:1.06%;background:#CCEEFF;padding:0'></td> <td width="9%" valign="bottom" style='width:9.08%;background:#CCEEFF;padding:0'> 118,000 </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'></td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'></td> <td width="1%" valign="bottom" style='width:1.08%;background:#CCEEFF;padding:0'></td> <td width="9%" valign="bottom" style='width:9.06%;background:#CCEEFF;padding:0'> 173,000 </td> </tr> <tr align="left"> <td width="76%" valign="bottom" style='width:76.74%;background:#CCEEFF;padding:0'></td> <td width="0%" valign="bottom" style='width:.98%;background:#CCEEFF;padding:0'></td> <td width="1%" valign="bottom" style='width:1.06%;background:#CCEEFF;padding:0'></td> <td width="9%" valign="bottom" style='width:9.08%;background:#CCEEFF;padding:0'></td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'></td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0'></td> <td width="1%" valign="bottom" style='width:1.08%;background:#CCEEFF;padding:0'></td> <td width="9%" valign="bottom" style='width:9.06%;background:#CCEEFF;padding:0'></td> </tr> <tr align="left"> <td width="76%" valign="bottom" style='width:76.74%;background:white;padding:0'> The General Partner earned an equipment acquisition fee of 4% of the purchase price of each item of equipment purchased as compensation for the negotiation of the acquisition of the equipment and lease thereof or sale under a conditional sales contact. </td> <td width="0%" valign="bottom" style='width:.98%;background:white;padding:0'></td> <td width="1%" valign="bottom" style='width:1.06%;background:white;padding:0'></td> <td width="9%" valign="bottom" style='width:9.08%;background:white;padding:0'> 20,000 </td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'></td> <td width="1%" valign="bottom" style='width:1.0%;background:white;padding:0'></td> <td width="1%" valign="bottom" style='width:1.08%;background:white;padding:0'></td> <td width="9%" valign="bottom" style='width:9.06%;background:white;padding:0'> 56,000 </td> </tr> <tr align="left"> <td width="76%" valign="bottom" style='width:76.74%;background:#CCEEFF;padding:0'> As compensation for arranging term debt to finance our acquisition of equipment, we will pay the General Partner a fee equal to one percent of such indebtedness; provided, however, that such fee shall be reduced to the extent we incur such fees to third parties unaffiliated with the General Partner of the lender with respect to such indebtedness. No such fee will be paid with respect to borrowings from the General Partner or its affiliates. We intend to initially acquire leases on an all cash basis with the proceeds of this offering, but may borrow funds after the offering proceeds have been invested. The amount we borrow, and therefore the amount of the fee, will depend upon interest rates at the time of a loan, and the amount of leverage we determine is appropriate at the time. We do not intend to use more than 30% leverage overall in the portfolio. Fees will increase as the amount of leverage we use increases, and as turnover in the portfolio increases and additional equipment is purchased using leverage. </td> <td width="0%" valign="bottom" style='width:.98%;background:#CCEEFF;padding:0in 0in 1.5pt 0in'></td> <td width="1%" valign="bottom" style='width:1.06%;background:#CCEEFF;padding:0'></td> <td width="9%" valign="bottom" style='width:9.08%;background:#CCEEFF;padding:0'> 0 </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0in 0in 1.5pt 0in'></td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0in 0in 1.5pt 0in'></td> <td width="1%" valign="bottom" style='width:1.08%;background:#CCEEFF;padding:0'></td> <td width="9%" valign="bottom" style='width:9.06%;background:#CCEEFF;padding:0'>    0 </td> </tr> <tr style='height:107.55pt'> <td width="76%" valign="bottom" style='width:76.74%;background:#CCEEFF;padding:0;height:107.55pt'> Equipment liquidation fee With respect to each item of equipment sold by the General Partner (other than in connection with a conditional sales contract), a fee equal to the lesser of (i) 50% of the competitive equipment sale commission or (ii) three percent of the sales price for such equipment is payable to the General Partner. The payment of such fees is subordinated to the receipt by the limited partners of (i) the return of their net capital contributions and 10% per annum cumulative return, compounded daily, on adjusted capital contributions and (ii) the net disposition proceeds from such sale in accordance with the Partnership Agreement. Such fee will be reduced to the extent any liquidation or resale fees are paid to unaffiliated parties. During the six months ended June 30, 2013 and 2012, the General Partner waived approximately $2,000 and $0 of equipment liquidation fees, respectively. </td> <td width="0%" valign="bottom" style='width:.98%;background:#CCEEFF;padding:0in 0in 1.5pt 0in;height:107.55pt'>   </td> <td width="1%" valign="bottom" style='width:1.06%;background:#CCEEFF;padding:0;height:107.55pt'>   </td> <td width="9%" valign="bottom" style='width:9.08%;background:#CCEEFF;padding:0;height:107.55pt'> 2,000 </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0in 0in 1.5pt 0in;height:107.55pt'>   </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEEFF;padding:0in 0in 1.5pt 0in;height:107.55pt'>   </td> <td width="1%" valign="bottom" style='width:1.08%;background:#CCEEFF;padding:0;height:107.55pt'>   </td> <td width="9%" valign="bottom" style='width:9.06%;background:#CCEEFF;padding:0;height:107.55pt'> 10,000 </td> </tr> </table>     0RJ60WNH»]  falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for all significant accounting policies of the reporting entity.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18726-107790 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18861-107790 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18743-107790 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18854-107790 false0Accounting PoliciesfalseAccounting PoliciesUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.ccclease.com/20130630/role/idr_DisclosureAccountingPolicies12