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Property and Equipment, net
3 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

5. Property and Equipment, net

Property and equipment, net consists of the following:

 

 

 

Useful Life

 

December 31,
2022

 

 

September 30,
2022

 

Land

 

 

$

43.3

 

 

$

43.3

 

Buildings and leasehold improvements

 

2-40 yrs.

 

 

47.3

 

 

 

46.3

 

Operating equipment

 

2-7 yrs.

 

 

325.1

 

 

 

302.4

 

Transportation vehicles

 

3-7 yrs.

 

 

344.5

 

 

 

339.8

 

Office equipment and software

 

3-10 yrs.

 

 

75.6

 

 

 

75.1

 

Construction in progress

 

 

 

6.3

 

 

 

5.7

 

Property and equipment

 

 

 

 

842.1

 

 

 

812.6

 

Less: Accumulated depreciation

 

 

 

 

502.9

 

 

 

484.3

 

Property and equipment, net

 

 

 

$

339.2

 

 

$

328.3

 

Construction in progress includes costs incurred for software and other assets that have not yet been placed in service. Depreciation expense related to property and equipment was $27.1 and $21.4 for the three months ended December 31, 2022 and 2021, respectively.