CY » Topics » Change in Accounting Estimate

This excerpt taken from the CY 10-K filed Mar 17, 2006.

Change in Accounting Estimate

During the first quarter of fiscal 2005, the Company determined that the useful lives of certain equipment and production assets used in certain of its manufacturing operations were longer than historically estimated. Accordingly, the Company revised the useful lives of the newly acquired equipment from 5 years to 7 years and the production assets from 10 months to 2 years beginning in the first quarter of fiscal 2005. Useful lives for those equipment and production assets acquired prior to the first quarter of fiscal 2005 remained unchanged. The impact of the revised useful lives resulted in a decrease of approximately $4.3 million in depreciation during fiscal 2005.

 

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Table of Contents

CYPRESS SEMICONDUCTOR CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

This excerpt taken from the CY 10-Q filed Nov 14, 2005.

Change in Accounting Estimate

 

During the first quarter of fiscal 2005, the Company determined that the useful lives of certain equipment and production assets used in certain of its manufacturing operations were longer than historically estimated. Accordingly, the Company revised the useful lives of the newly acquired equipment from 5 years to 7 years and the production assets from 10 months to 2 years beginning in the first quarter of fiscal 2005. Useful lives for those equipment and production assets acquired prior to the first quarter of fiscal 2005 remained unchanged. The impact of the revised useful lives resulted in a decrease of approximately $1.2 million and $2.7 million in depreciation for the three and nine months ended October 2, 2005, respectively.

 

EXCERPTS ON THIS PAGE:

10-K
Mar 17, 2006
10-Q
Nov 14, 2005

"Change in Accounting Estimate" elsewhere:

ON Semiconductor (ONNN)
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