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Wells Fargo & Co (NYSE:WFC)
Buildings And Improvements
$0 Mil (As of Jun. 2014)

Wells Fargo & Co's quarterly buildings and improvements declined from Dec. 2013 ($7,931 Mil) to Mar. 2014 ($0 Mil) but then stayed the same from Mar. 2014 ($0 Mil) to Jun. 2014 ($0 Mil).

Wells Fargo & Co's annual buildings and improvements increased from Dec. 2011 ($7,441 Mil) to Dec. 2012 ($7,670 Mil) and increased from Dec. 2012 ($7,670 Mil) to Dec. 2013 ($7,931 Mil).


Definition

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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Wells Fargo & Co Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
BuildingsAndImprovements 000008,1437,4407,4417,6707,931

Wells Fargo & Co Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
BuildingsAndImprovements 0007,6700007,93100
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