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Re: scstocks post# 149

Tuesday, 10/27/2015 1:18:27 PM

Tuesday, October 27, 2015 1:18:27 PM

Post# of 172
As far as I know, PCL's timberlands that are being transferred to the JV will retain the same balance-sheet cost basis that they had on P&L own balance sheet.

Note that timberlands are carried on PCL's balance sheet in one of two ways: a) timberlands that were owned by Georgia Pacific's spin-off (a/k/a The Timber Company) prior to the 2001 merger with Plum Creek are carried at their original historical cost; and b) timberlands that were owned by Plum Creek prior to the 2001 merger are carried at their 2001 fair market value as of the date of the merger.

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