{"pre_text": ["american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) operations , net , in the accompanying consolidated statements of operations for the year ended december 31 , 2003 .", "( see note 9. ) other transactions 2014in august 2003 , the company consummated the sale of galaxy engineering ( galaxy ) , a radio frequency engineering , network design and tower-related consulting business ( previously included in the company 2019s network development services segment ) .", "the purchase price of approximately $ 3.5 million included $ 2.0 million in cash , which the company received at closing , and an additional $ 1.5 million payable on january 15 , 2008 , or at an earlier date based on the future revenues of galaxy .", "the company received $ 0.5 million of this amount in january 2005 .", "pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 2.4 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 .", "in may 2003 , the company consummated the sale of an office building in westwood , massachusetts ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for a purchase price of approximately $ 18.5 million , including $ 2.4 million of cash proceeds and the buyer 2019s assumption of $ 16.1 million of related mortgage notes .", "pursuant to this transaction , the company recorded a net loss on disposal of approximately $ 3.6 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 .", "in january 2003 , the company consummated the sale of flash technologies , its remaining components business ( previously included in the company 2019s network development services segment ) for approximately $ 35.5 million in cash and has recorded a net gain on disposal of approximately $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 .", "in march 2003 , the company consummated the sale of an office building in schaumburg , illinois ( previously held primarily as rental property and included in the company 2019s rental and management segment ) for net proceeds of approximately $ 10.3 million in cash and recorded a net loss on disposal of $ 0.1 million in the accompanying consolidated statement of operations for the year ended december 31 , 2003 .", "4 .", "property and equipment property and equipment ( including assets held under capital leases ) consist of the following as of december 31 , ( in thousands ) : ."], "post_text": ["5 .", "goodwill and other intangible assets the company 2019s net carrying amount of goodwill was approximately $ 2.1 billion as of december 312005 and $ 592.7 million as of december 31 , 2004 , all of which related to its rental and management segment .", "the increase in the carrying value was as a result of the goodwill of $ 1.5 billion acquired in the merger with spectrasite , inc .", "( see note 2. ) ."], "table": [["", "2005", "2004"], ["towers", "$ 4134155", "$ 2788162"], ["equipment", "167504", "115244"], ["buildings and improvements", "184951", "162120"], ["land and improvements", "215974", "176937"], ["construction-in-progress", "36991", "27866"], ["total", "4739575", "3270329"], ["less accumulated depreciation and amortization", "-1279049 ( 1279049 )", "-996973 ( 996973 )"], ["property and equipment net", "$ 3460526", "$ 2273356"]], "table_ori": [["", "2005", "2004"], ["Towers", "$4,134,155", "$2,788,162"], ["Equipment", "167,504", "115,244"], ["Buildings and improvements", "184,951", "162,120"], ["Land and improvements", "215,974", "176,937"], ["Construction-in-progress", "36,991", "27,866"], ["Total", "4,739,575", "3,270,329"], ["Less accumulated depreciation and amortization", "(1,279,049)", "(996,973)"], ["Property and equipment, net", "$3,460,526", "$2,273,356"]]}

Question: what is the percentage change in the balance of total property and equipment from 2004 to 2005?
Evidence:
table_6: the total of 2005 is 4739575 ; the total of 2004 is 3270329 ;
Program: subtract(4739575, 3270329), divide(#0, 3270329)
Answer:
exe_answer: 0.44927