You can use it again definitely otherwise no one here would be allowed
to do even a sorting algorithm ever again. Come on, some guys even
went so far that every single "digital line of code" is client's. So
even the  <mx:Button /> I can't implement ever again, because it
belongs to the customer. 

>  Algorithm, you can probably use it again.  It depends how obvious or 
> unique it is.  In theory, algorithms / approaches to solving problems 
> are not patentable.  In reality such algorithms may be patentable or 
> considered trade secrets. 

Depends, but usually there are changes for the better in each iteration. 

>  Even if you sit down to implement the algorithm a second time, I
bet it 
> will come out quite different than what you did the first tie. 

 

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