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PROPERTY, PLANT AND EQUIPMENT, NET | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2021 | Dec. 31, 2020
Rocket Lab USA, Inc. |  |
PROPERTY, PLANT AND EQUIPMENT, NET |
(8) | PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment, net, as of June 30, 2021 and December 31, 2020 consisted of the following:
|  | June 30, 2021 |  |  | December 31, 2020 |
Buildings and improvements |  | $ | 23,305 |  |  | $ | 20,330 |
Machinery, equipment, vehicles and office furniture |  |  | 24,387 |  |  |  | 23,755 |
Computer equipment, hardware and software |  |  | 4,632 |  |  |  | 3,836 |
Launch site assets |  |  | 8,845 |  |  |  | 7,582 |
Construction in process |  |  | 9,133 |  |  |  | 10,177 |
Property, plant and equipment, gross |  |  | 70,302 |  |  |  | 65,680 |
Less accumulated depreciation and amortization |  |  | (19,082 | ) |  |  | (15,848 | )
Property, plant and equipment, net |  | $ | 51,220 |  |  | $ | 49,832 |
Depreciation expense recorded in the condensed consolidated statements of operations and comprehensive loss during the six months ended June 30, 2021 consisted of the following:
|  | Six-Months Ended June 30, |
Depreciation expense |  | 2021 |  |  | 2020 |
Cost of revenues. |  | $ | 1,977 |  |  | $ | 1,941 |
Research and development, net |  |  | 116 |  |  |  | 119 |
Selling, general and administrative |  |  | 1,462 |  |  |  | 938 |
Total depreciation expense |  |  | 3,555 |  |  |  | 2,998 |
8. | PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment, net, as of December 31 consisted of the following:
|  | 2020 |  |  | 2019 |
Buildings and improvements |  | $ | 20,330 |  |  | $ | 7,129 |
Machinery, equipment, vehicles and office furniture |  |  | 23,755 |  |  |  | 20,427 |
Computer equipment, hardware and software |  |  | 3,836 |  |  |  | 2,588 |
Launch site assets |  |  | 7,582 |  |  |  | 3,365 |
Construction in process |  |  | 10,177 |  |  |  | 11,732 |
Property, plant and equipment, gross |  |  | 65,680 |  |  |  | 45,241 |
Less accumulated depreciation and amortization |  |  | (15,848 | ) |  |  | (9,048 | )
Property, plant and equipment, net |  | $ | 49,832 |  |  | $ | 36,193 |
Depreciation expense recorded in the consolidated statements of operations and comprehensive loss during the years ended December 31 consisted of the following:
|  | 2020 |  |  | 2019 |
Cost of revenues |  | $ | 4,527 |  |  | $ | 3,310 |
Research and development, net |  |  | 416 |  |  |  | 190 |
Selling, general and administrative |  |  | 1,591 |  |  |  | 577 |
Total depreciation expense |  | $ | 6,534 |  |  | $ | 4,077 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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