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

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2021

NOTE G - PROPERTY AND EQUIPMENT, NET

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


	Useful Life
	In Years	December 31, 2021		December 31, 2020
Tooling and equipment	7 - 15	$	13,530	$	13,465
Furniture and other equipment	5		7,928		7,379
Computer software	5		1,998		2,378
Leasehold improvements	3 - 6		3,632		3,314
Equipment under capital lease	5		192		197
			27,280		26,733
Less accumulated depreciation			(19,930)		(18,894)
		$	7,350	$	7,839

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