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Homeinns Hotel Group's annual construction in progress declined from Dec. 2012 ($43.1 Mil) to Dec. 2013 ($41.9 Mil) but then increased from Dec. 2013 ($41.9 Mil) to Dec. 2014 ($62.4 Mil).
It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.
Homeinns Hotel Group Annual Data
Homeinns Hotel Group Quarterly Data