Boomerang Oil (XCNQ:BOI) Buildings And Improvements : C$0.00 Mil (As of Jun. 2015)

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What is Boomerang Oil Buildings And Improvements?

Boomerang Oil Buildings And Improvements Historical Data

The historical data trend for Boomerang Oil'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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Boomerang Oil Buildings And Improvements Chart

Boomerang Oil Annual Data

Trend

Sep12

Sep13

Sep14

Buildings And Improvements

Boomerang Oil Quarterly Data
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Boomerang Oil 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.

Boomerang Oil (XCNQ:BOI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boomerang Oil Inc (XCNQ:BOI) » Definitions » Buildings And Improvements

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Traded in Other Exchanges

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Address

Website

http://www.boomerangoil.com

Boomerang Oil Inc is an independent oil and gas company engaged in the exploration, development, and exploitation of crude oil and natural gas properties in the United States. Its properties are located in Permian Basin and Crawar Field in Texas.

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