The University of Virginia Medical Simulation Center is a state-of-the art multidisciplinary training and research facility. As a cornerstone of The Universityâs technologically enhanced learner-centered approach to medical education, the center complements traditional teaching modes with the application of knowledge and skills through experiential learning for the UME, GME, and community populations.
Definition: A capital asset is property that is expected to generate value over a long period of time. Capital assets form the productive base of an organization. Examples of capital assets are buildings, computer equipment, machinery, and vehicles.
DEFINITION of 'Capital Lease'. A lease considered to have the economic characteristics of asset ownership. A capital lease would be considered a purchased asset for accounting purposes. An operating lease, on the other hand, would be handled as a true lease, or rental, for accounting purposes.