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Verizon Communications Inc  (NYSE:VZ) Buildings And Improvements: $30,468 Mil (As of Dec. 2018)

Verizon Communications Inc's quarterly buildings and improvements stayed the same from Jun. 2018 ($0 Mil) to Sep. 2018 ($0 Mil) but then increased from Sep. 2018 ($0 Mil) to Dec. 2018 ($30,468 Mil).

Verizon Communications Inc's annual buildings and improvements increased from Dec. 2016 ($27,117 Mil) to Dec. 2017 ($28,914 Mil) and increased from Dec. 2017 ($28,914 Mil) to Dec. 2018 ($30,468 Mil).


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Verizon Communications Inc Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Buildings And Improvements Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25,209.00 25,587.00 27,117.00 28,914.00 30,468.00

Verizon Communications Inc Quarterly Data

Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Buildings And Improvements Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28,914.00 0.00 0.00 0.00 30,468.00

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.


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- Fool 2019-03-19 10:31:00

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