Silvercrest Asset Management Group LLC Quarterly report pursuant to Section 13 or 15(d)

Furniture, Equipment and Leasehold Improvements, Net

3 Months Ended

Mar. 31, 2021

6. FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

The following is a summary of furniture, equipment and leasehold improvements, net as of March 31, 2021 and December 31, 2020:

	March 31, 2021			December 31, 2020
Leasehold improvements	$	7,937		$	7,936
Furniture and equipment		7,414			7,275
Artwork		504			502
Total cost		15,855			15,713
Accumulated depreciation and amortization		(10,471	)		(10,190	)
Furniture, equipment and leasehold improvements, net	$	5,384		$	5,523

Depreciation expense for the three months ended March 31, 2021 and 2020 was $281 and $273, respectively.

During the three months ended March 31, 2021, the Company wrote off leased assets of $82, with accumulated depreciation of $64.