Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 254

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 254
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 $3.7 million. There were no deferred offering costs as of December 31, 2023. Property and Equipment, Net Property and equipment is stated at cost, net of accumulated depreciation. Interest costs are capitalized on qualified capital projects as part of the net asset cost until the asset is ready for its intended use. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets. Software obtained for internal use and internal and external software development costs incurred during the application development stage of projects are generally capitalized at cost, unless relating to training or data conversion, which are expensed as incurred. Betterments, additions, and renewals that significantly extend the life of the asset are capitalized and depreciated over their useful lives. Expenditures for repairs and maintenance are charged to expense as incurred. Upon retirement or disposition of property or equipment, the cost and related accumulated depreciation are removed from the accounts, and any related gain or loss is recognized in the Consolidated Statements of Operations. The estimated useful lives for new property and equipment acquired are generally as follows:

| Autos and trucks                |     | 2-5 years |    |
| Computer equipment and software |     | 3-5 years |    |
| Leasehold improvements          |     | Various   | -1 |
| Equipment and tools             |     | 5 years   |    |
| Office furniture and other      |     | 4-7 years |    |

| (1) | Leasehold Improvements are amortized over the shorter of their useful life and the remaining lease term, unless                                                                                                                                        
 the lease transfers ownership of the underlying asset to the Company or the Company is reasonably certain to exercise the option to purchase the underlying asset, in which case the leasehold improvements will be amortized over their useful lives. |

F-18

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

Goodwill

Goodwill represents the excess of the consideration transferred over the fair value of identifiable assets and liabilities of the acquired
business. Goodwill is not subject to amortization but is evaluated for impairment at the reporting unit level, which represents the operating segment level or one level below the operating segment level for which discrete information is available.
Goodwill is evaluated for impairment on an annual basis as of October 1 and on an interim basis if events or circumstances arise which indicate that the carrying value of goodwill may not be
recoverable from future cash flows.

The Company has determined