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VESSELS AND EQUIPMENT, NET | 6 Months Ended
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Jun. 30, 2019
Property, Plant and Equipment [Abstract] |
VESSELS AND EQUIPMENT, NET | VESSELS AND EQUIPMENT, NET
(in thousands of $) | June 30, 2019 |  |  | December 31, 2018 |
Cost | 1,916,581 |  |  | 1,955,880 |
Accumulated depreciation | 423,497 |  |  | 396,168 |
Vessels and equipment, net | 1,493,084 |  |  | 1,559,712 |
During the six months ended June 30, 2019, the 5,800 TEU container vessels MSC Margarita and MSC Vidhi, previously recorded as operating lease assets, were reclassified as sales-type leases. The reclassification occurred as a result of amendments to the existing charter contracts. The carrying value of the container vessels reclassified from vessels and equipment to investments in finance leases was $27.0 million (Refer to Note 8: Investments in direct financing and sales-type leases). During the six months ended June 30, 2019, the Company capitalized costs of $1.0 million related to exhaust gas cleaning systems ("scrubbers") and ballast water treatment systems (year ended December 31, 2018: $0.5 million).

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- References No definition available. + Details
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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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