Property, Plant, Equipment and Rental Assets
|3 Months Ended|
Jun. 30, 2022
|Property, Plant, Equipment and Rental Assets|
|Property, Plant, Equipment and Rental Assets||
6. Property, Plant, Equipment and Rental Assets
Property, plant, equipment and rental assets consisted of the following (in thousands):
During the three months ended June 30, 2022, the Company deployed an additional 4.5 megawatts (“MWs”) of microturbine systems with a book value of approximately $4.1 million under its long-term rental program, bringing the total rental fleet to 25.6 MWs.
The Company regularly assesses the useful lives of property and equipment and retires assets no longer in service. Depreciation expense for property, plant, equipment and rental assets was $0.7 million and $0.4 million for the three months ended June 30, 2022 and 2021, respectively.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef