Assets Held For Sale

9 Months Ended

Sep. 30, 2017

Assets Held For Sale

Assets Held For Sale

NOTE 4. ASSETS HELD FOR SALE

During the year ended December 31, 2016, the Company decided to market and sell non‑core rental fleet assets. The units consisted of Mechanical Refrigerator Units (“MRUs”), stabilizers and wedge units, and were classified as held for sale due to the fact that they were specifically identified, and management has a plan for their sale in their present condition to occur in the next year. As of September 30, 2017,  the Company moved the MRUs and stabilizers with a net book value of $2.3 million back into operating assets. The wedge units representing the remaining balance of $0.6 million are still classified as held for sale. The available for sale assets are recorded at the units’ carrying amount, which approximates fair value less costs to sell, and are no longer depreciated.