BLTI » Topics » Long-Lived Assets

These excerpts taken from the BLTI 10-K filed Mar 16, 2009.
Long-Lived Assets
 
We account for long-lived assets, including intangible assets subject to amortization, in accordance with SFAS 144, Accounting for the Impairment and Disposal of Long-Lived Assets (“SFAS 144”), which requires


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Table of Contents

 
BIOLASE TECHNOLOGY, INC.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENT — (Continued)
 
impairment losses to be recorded on long-lived assets used in operations when indicators of impairment, such as reductions in demand or significant economic slowdowns in our industry, are present. Reviews are performed to determine whether carrying value of an asset is impaired based on comparisons to undiscounted expected future cash flows. If this comparison indicates that there is impairment, the impaired asset is written down to fair value, which is typically calculated using discounted expected future cash flows utilizing a discount rate consistent with the guidance provided in FASB Concepts Statement No. 7, Using Cash Flow Information in Accounting Measurements. Impairment is based on the excess of the carrying amount over the fair value of those assets.
 
Long-Lived
Assets



 



We account for long-lived assets, including intangible assets
subject to amortization, in accordance with SFAS 144,
Accounting for the Impairment and Disposal of Long-Lived
Assets
(“SFAS 144”), which requires





F-9





Table of Contents





 




BIOLASE
TECHNOLOGY, INC.




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENT — (Continued)


 



impairment losses to be recorded on long-lived assets used in
operations when indicators of impairment, such as reductions in
demand or significant economic slowdowns in our industry, are
present. Reviews are performed to determine whether carrying
value of an asset is impaired based on comparisons to
undiscounted expected future cash flows. If this comparison
indicates that there is impairment, the impaired asset is
written down to fair value, which is typically calculated using
discounted expected future cash flows utilizing a discount rate
consistent with the guidance provided in FASB Concepts Statement
No. 7, Using Cash Flow Information in Accounting
Measurements.
Impairment is based on the excess of the
carrying amount over the fair value of those assets.


 




These excerpts taken from the BLTI 10-K filed Mar 17, 2008.
Long-Lived Assets
 
We account for long-lived assets in accordance with the provisions of FAS 144, Accounting for the Impairment and Disposal of Long-Lived Assets. FAS 144 requires that long-lived assets be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.
 
Long-Lived
Assets



 



We account for long-lived assets in accordance with the
provisions of FAS 144, Accounting for the Impairment and
Disposal of Long-Lived Assets
. FAS 144 requires that
long-lived assets be reviewed for impairment whenever events or
changes in circumstances indicate that the carrying amount of an
asset may not be recoverable. Recoverability of assets to be
held and used is measured by a comparison of the carrying amount
of an asset to future net cash flows expected to be generated by
the asset. If such assets are considered to be impaired, the
impairment to be recognized is measured by the amount by which
the carrying amount of the assets exceeds the fair value of the
assets. Assets to be disposed of are reported at the lower of
the carrying amount or fair value less costs to sell.


 




This excerpt taken from the BLTI 10-K filed Mar 16, 2007.

Long-Lived Assets

We account for long-lived assets in accordance with the provisions of SFAS No. 144, Accounting for the Impairment and Disposal of Long-Lived Assets. SFAS No. 144 requires that long-lived assets be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

This excerpt taken from the BLTI 10-K filed Mar 16, 2006.

Long-Lived Assets

 

We account for long-lived assets in accordance with the provisions of SFAS No. 144, “Accounting for the Impairment and Disposal of Long-Lived Assets.” SFAS No. 144 requires that long-lived assets be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

 

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