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Medical Properties Trust Inc's annual construction in progress declined from Dec. 2013 ($41.8 Mil) to Dec. 2014 ($23.2 Mil) but then increased from Dec. 2014 ($23.2 Mil) to Dec. 2015 ($49.2 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.
Medical Properties Trust Inc Annual Data
Medical Properties Trust Inc Quarterly Data