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Matthews International Corporation's annual construction in progress declined from Sep. 2011 ($15.6 Mil) to Sep. 2012 ($14.5 Mil) but then increased from Sep. 2012 ($14.5 Mil) to Sep. 2013 ($17.4 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.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Matthews International Corporation Annual Data
Matthews International Corporation Quarterly Data