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OHL USA, INC. AND SUBSIDIARIES <br />NOTES TO CONSOLIDATED FINANCIAL STATEMENTS <br />DECEMBER 31, 2020 <br />Note 12 - Property and Equipment <br />Property and equipment, net is summarized as follows: <br />Land <br />Building and building improvements <br />Transportation equipment <br />Machinery and equipment <br />Furniture and fixtures <br />Office and computer equipment <br />Leasehold improvements <br />Less: Accumulated depreciation and amortization <br />$ 5,670,979 <br />13,595,954 <br />19,019,053 <br />121,606,285 <br />4,373,989 <br />590,641 <br />3,172,012 <br />168,028,913 <br />109,613,420 <br />$ 58,415,493 <br />Depreciation and amortization expense related to property and equipment amounted to <br />$14,909,641 for the year ended December 31, 2020, of which $13,432,564 is included in <br />contract costs. <br />Note 13 - Goodwill <br />Amortization expense related to goodwill was $17,332,485 for the year ended December 31, <br />2020, and accumulated amortization totaled $104,070,891 at December 31, 2020. <br />Future goodwill amortization is as follows: <br />Years Endina December 31: <br />2021 <br />2022 <br />2023 <br />2024 <br />30 <br />$ 17,332,483 <br />17, 332,483 <br />17,315,964 <br />17,273,008 <br />$ 69,253,938 <br />