Change to the Straight-Line Method for Depreciating Building Fixtures and Structures
First written in FY2017-Q1. 2 of 3 entries say "Restated". Latest entry: FY2017-Q3.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
154 other companies' latest entry also says "Restated".
- FY2017-Q3RestatedAnnual report
「Following amendments to the Corporation Tax Act, we applied the Practical Solution on Change in Depreciation Method Following the 2016 Tax Reform (Practical Issues Task Force No. 32, 17 June 2016) from the first quarter of the consolidated fiscal year, changing the depreciation method for building improvements and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
It continues to disclose the accounting policy change from the declining-balance method to the straight-line method for depreciating building fixtures and structures. - FY2017-Q2RestatedAnnual report
「Following amendments to the Corporation Tax Act, we applied the Practical Solution on Change in Depreciation Method Following the 2016 Tax Reform (Practical Issues Task Force No. 32, 17 June 2016) from the first quarter of the consolidated fiscal year, changing the depreciation method for building improvements and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
It continues to disclose the accounting policy change from the declining-balance method to the straight-line method for depreciating building fixtures and structures. - FY2017-Q1First statedAnnual report
「Following the revision of the Corporation Tax Act, we applied the Practical Response Report No. 32, "Practical Treatment of Changes in Depreciation Methods Related to the FY2016 Tax Reform" (17 June 2016), in the current first-quarter consolidated accounting period and changed the depreciation method for building fixtures and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. The impact of this change on profit or loss for the current first-quarter cumulative period was immaterial.」
For building fixtures and structures acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method.