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Tutor Perini Corp's quarterly buildings and improvements declined from Dec. 2014 ($121 Mil) to Mar. 2015 ($0 Mil) but then stayed the same from Mar. 2015 ($0 Mil) to Jun. 2015 ($0 Mil).
Tutor Perini Corp's annual buildings and improvements increased from Dec. 2012 ($116 Mil) to Dec. 2013 ($118 Mil) and increased from Dec. 2013 ($118 Mil) to Dec. 2014 ($121 Mil).
Buildings are typically valued at the time of acquisition or construction. Broker and architect fees, permits, etc. can be covered within this category. Building components, such as a roof, are normally recorded separately in an asset register since the value and useful lives of these components equal much less than the building itself.
Building improvements that extend the useful life of a building will fall into the category of “building improvements” and should be capitalized. Improvements are commonly recorded at acquisition cost. Building improvement examples include roofing, remodeling, replacements, etc.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Tutor Perini Corp Annual Data
Tutor Perini Corp Quarterly Data