VERSES AI (VERSES AI) Buildings And Improvements

: $0.02 Mil (As of Dec. 2023)

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VERSES AI's quarterly buildings and improvements declined from Jun. 2023 ($0.08 Mil) to Sep. 2023 ($0.05 Mil) and declined from Sep. 2023 ($0.05 Mil) to Dec. 2023 ($0.02 Mil).

VERSES AI's annual buildings and improvements increased from . 20 ($0.00 Mil) to Mar. 2022 ($0.22 Mil) but then declined from Mar. 2022 ($0.22 Mil) to Mar. 2023 ($0.11 Mil).

VERSES AI Buildings And Improvements Historical Data

The historical data trend for VERSES AI's Buildings And Improvements can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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VERSES AI Annual Data

Trend

Mar22

Mar23

Buildings And Improvements

0.22

0.11

VERSES AI Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Buildings And Improvements							0.13	0.11	0.08	0.05	0.02

VERSES AI Buildings And Improvements Calculation

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.

VERSES AI (VERSES AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VERSES AI Inc (OTCPK:VRSSF) » Definitions » Buildings And Improvements

Comparable Companies

Traded in Other Exchanges

J9A:Germany VERS:Canada

Address

205 - 810 Quayside Drive, New Westminster, BC, CAN, V3M 6B9

Website

https://www.verses.ai

VERSES AI Inc is a cognitive computing company specializing in next-generation AI and developer of KOSM, the world's first network operating system for enabling distributed intelligence. KOSM generates a shared world model of contextualized data, policies, simulations, and workflows.