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LEASING EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2025
Lessor Disclosure [Abstract]  
LEASING EQUIPMENT, NET
4. LEASING EQUIPMENT, NET
Leasing equipment, net is summarized as follows:
June 30, 2025
(unaudited)		December 31, 2024
Leasing equipment$2,342,123 $2,963,452 
Less: Accumulated depreciation(493,007)(589,722)
Leasing equipment, net$1,849,116 $2,373,730 
We identified certain assets in our leasing equipment portfolio with indicators of impairment. During the three and six months ended June 30, 2025, the Company did not record any transactional impairment charges. In comparison, for the three and six months ended June 30, 2024 the Company recognized transactional impairment charges of $0.0 million and $1.0 million, respectively, net of redelivery compensation.
Depreciation expense for leasing equipment is summarized as follows (unaudited):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Depreciation expense for leasing equipment$51,249 $55,658 107,135 104,560