NOTE 7: PROPERTY, PLANT AND EQUIPMENT, NET

	As of December 31,
	2023		2022
Cost:
Land	$	12,823	$	13,070
Buildings and plants		153,813		152,218
Computers and peripheral equipment		57,527		46,376
Office furniture and equipment		10,992		10,911
Laboratory and testing equipment		67,248		58,454
Machinery and equipment		362,363		315,155
Leasehold improvements		96,730		85,147
Assets under construction and payments on account		88,077		47,168
Gross property, plant and equipment		849,573		728,499
Less - accumulated depreciation		234,994		184,530
Total property, plant and equipment, net	$	614,579	$	543,969

Depreciation expenses for the years ended December 31, 2023, 2022 and 2021, were $49,544, $40,580 and $29,359, respectively.

For the year ended December 31, 2023, impairment loss of $25,168 was recorded as a result of Company's decision to discontinue its LCV activity and other restructuring efforts related to the Solar segment (see Note 23).

Impairment losses for the years ended December 31, 2022, and 2021, were $649 and $2,113, respectively.