4. Other Property, Plant and Equipment, Net

Other property, plant, and equipment, net at the dates indicated below, consisted of the following:

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Depreciation expense related to other property, plant and equipment was approximately $2.7 million, $2.2 million and $1.9 million for the years ended December 31, 2025, 2024 and 2023, respectively, and is included in other depreciation and amortization in the consolidated statements of comprehensive income (loss). During the year ended December 31, 2025, the Company retired finance lease right-of-use assets pertaining to commercial-use vehicles included in the Other category above, with accumulated depreciation of $1.0 million and a gross cost of $1.3 million, which resulted in a net loss on the disposal of leased assets of approximately $0.3 million and is reported within other expense (income), net in the accompanying consolidated statement of comprehensive income (loss) for the year ended December 31, 2025.  

Included in other property, plant and equipment, net are certain assets under finance lease. The gross cost of the assets under finance lease was approximately $10.3 million and $8.5 million as of December 31, 2025 and 2024, respectively. The accumulated depreciation related to finance lease assets totaled approximately $6.5 million and $5.2 million as of December 31, 2025 and 2024, respectively. Such amounts under finance lease are included in the other category in the above table as of December 31, 2025 and 2024, respectively.

In January 2025, the Company purchased a group of assets consisting of land, and specialty rental assets (building, modular units, site work, and furniture & fixtures) for approximately $15.5 million, of which, approximately $0.6 million is included within this asset group related to the land portion of the acquisition, to support growth of the WHS segment discussed in Note 18, which was funded by cash on hand. The acquisition was accounted for as an asset acquisition. The Company allocated the total purchase price to identifiable tangible assets based on their relative fair values, which resulted in the entire purchase price being allocated to land, and specialty rental assets.