BUCY » Topics » Property, Plant and Equipment

These excerpts taken from the BUCY 10-K filed Mar 2, 2009.

Property, Plant and Equipment

Depreciation is provided over the estimated useful lives of respective assets using the straight-line method for financial reporting and accelerated methods for income tax purposes. Estimated useful lives used for financial reporting purposes range from 10 to 40 years for buildings and improvements and three to 17 years for machinery and equipment.

Property, Plant and Equipment

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Depreciation is provided over the estimated useful lives of respective assets using the straight-line method for financial reporting and accelerated
methods for income tax purposes. Estimated useful lives used for financial reporting purposes range from 10 to 40 years for buildings and improvements and three to 17 years for machinery and equipment.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">Impairment of Long-Lived Assets

The
Company continually evaluates whether events and circumstances have occurred that indicate the remaining estimated useful lives of property, plant and equipment and intangible assets with finite lives may warrant revision or that the remaining
balance of each may not be recoverable. The Company accounts for any impairment of long-lived assets in accordance with SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets.”

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">Financial Instruments

Based on
Company estimates, the carrying amounts of cash equivalents, receivables, accounts payable and accrued liabilities approximated fair value at December 31, 2008 and 2007. The fair value of the Company’s term loan was approximately $413.1
million at December 31, 2008. The carrying value of the term loan approximated fair value at December 31, 2007.

These excerpts taken from the BUCY 10-K filed Jul 10, 2008.

Property, Plant and Equipment

Depreciation is provided over the estimated useful lives of respective assets using the straight-line method for financial reporting and accelerated methods for income tax purposes. Estimated useful lives used for financial reporting purposes range from 10 to 40 years for buildings and improvements and three to 17 years for machinery and equipment.

Property, Plant and Equipment

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Depreciation is provided over the estimated useful lives of respective assets using the straight-line method for financial reporting and accelerated
methods for income tax purposes. Estimated useful lives used for financial reporting purposes range from 10 to 40 years for buildings and improvements and three to 17 years for machinery and equipment.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%">Capitalized Interest

Under certain
conditions, the Company capitalizes interest as part of the acquisition cost of an asset. Interest is capitalized only during the period of time required to complete and prepare the asset for its intended use. For the years ended December 31,
2007 and 2006, the Company capitalized $1.2 million and $0.8 million, respectively, of interest as a part of the cost of a multi-phase expansion of its manufacturing facilities.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%">Impairment of Long-Lived Assets

The
Company continually evaluates whether events and circumstances have occurred that indicate the remaining estimated useful lives of property, plant and equipment and intangible assets with finite lives may warrant revision or that the remaining
balance of each may not be recoverable. The Company accounts for any impairment of long-lived assets in accordance with Statement of Financial Accounting Standards No. 144, “Accounting for the Impairment or Disposal of Long-Lived
Assets.”

These excerpts taken from the BUCY 10-K filed Feb 29, 2008.

Property, Plant and Equipment

Depreciation is provided over the estimated useful lives of respective assets using the straight-line method for financial reporting and accelerated methods for income tax purposes. Estimated useful lives used for financial reporting purposes range from 10 to 40 years for buildings and improvements and three to 17 years for machinery and equipment.

Property, Plant and
Equipment

Depreciation is provided over the estimated useful lives of respective assets using the straight-line method for financial
reporting and accelerated methods for income tax purposes. Estimated useful lives used for financial reporting purposes range from 10 to 40 years for buildings and improvements and three to 17 years for machinery and equipment.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%">Capitalized Interest

Under certain
conditions, the Company capitalizes interest as part of the acquisition cost of an asset. Interest is capitalized only during the period of time required to complete and prepare the asset for its intended use. For the years ended December 31,
2007 and 2006, the Company capitalized $1.2 million and $0.8 million, respectively, of interest as a part of the cost of a multi-phase expansion of its manufacturing facilities.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%">Impairment of Long-Lived Assets

The
Company continually evaluates whether events and circumstances have occurred that indicate the remaining estimated useful lives of property, plant and equipment and intangible assets with finite lives may warrant revision or that the remaining
balance of each may not be recoverable. The Company accounts for any impairment of long-lived assets in accordance with Statement of Financial Accounting Standards No. 144, “Accounting for the Impairment or Disposal of Long-Lived
Assets.”

This excerpt taken from the BUCY 10-K filed Mar 21, 2005.

Property, Plant and Equipment

Depreciation is provided over the estimated useful lives of respective assets using the straight-line method for financial reporting and accelerated methods for income tax purposes. Estimated useful lives used for financial reporting purposes range from ten to forty years for buildings and improvements and three to seventeen years for machinery and equipment.

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