AerSale Corporation Post-effective amendment to a registration statement that is not immediately effective upon filing

Post-effective amendment to a registration statement that is not immediately effective upon filing

PROPERTY AND EQUIPMENT,NET

PROPERTY AND EQUIPMENT,NET

12 Months Ended

Dec. 31, 2020

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

NOTE G - PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consist of the following:



	Useful Life
	In Years	2020		2019
Tooling and equipment	7 - 15	$	13,465,000	$	12,351,000
Furniture and other equipment	5		7,379,000		6,111,000
Computer software	5		2,378,000		2,291,000
Leasehold improvements	3 - 6		3,314,000		3,142,000
Equipment under capital lease	5		197,000		431,000
			26,733,000		24,326,000
Less accumulated depreciation			(18,894,000)		(16,864,000)
		$	7,839,000	$	7,462,000

Depreciation expense, which includes amortization of equipment under capital lease, was as follows:


	Year ended December 31,
	2020		2019		2018
Depreciation expense	$	2,139,000	$	2,223,000	$	2,121,000

Effective August 31, 2018, property and equipment of AerLine was deconsolidated (see Note R for further details). AerLine depreciation expense amounted to $41,000 for the year ended December 31, 2018, and is included in discontinued operations in the accompanying consolidated statements of operations.