AerSale Corporation Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2022

NOTE G - PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consisted of the following (in thousands):


	Useful Life
	In Years	December 31, 2022		December 31, 2021
Tooling and equipment	7 - 15	$	14,649	$	13,530
Furniture and other equipment	5		10,090		7,928
Computer software	5		2,152		1,998
Leasehold improvements	3 - 6		7,390		3,632
Equipment under capital lease	5		192		192
			34,473		27,280
Less accumulated depreciation			(21,835)		(19,930)
		$	12,638	$	7,350

Depreciation expense, which includes amortization of equipment under capital lease, was as follows (in thousands):