Change in depreciation method for building fixtures and structures from declining balance to straight-line
First written in FY2017-Q3. 4 of 5 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2024: 2 of 16 companies on the "Worse" side.
153 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「However, the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building improvements, and for building improvements and structures acquired on or after 1 April 2016.」
The Company continues to use the straight-line method for building improvements and structures acquired on or after 1 April 2016. - FY2019RestatedAnnual report
「However, the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building improvements, and for building improvements and structures acquired on or after 1 April 2016.」
The Company continues to use the straight-line method for building improvements and structures acquired on or after 1 April 2016. - FY2018RestatedAnnual report
「The straight-line method is used for building improvements and structures acquired on or after 1 April 2016.」
The Company continues to use the straight-line method for building improvements and structures acquired on or after 1 April 2016. - FY2017RestatedAnnual report
「In accordance with the amendment to the Corporation Tax Act, the company applied during the consolidated fiscal year the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016), changing the depreciation method for buildings' attached facilities and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
The annual report confirms that the depreciation method for building improvements and structures was changed from the declining-balance method to the straight-line method. - FY2017-Q3First statedAnnual report
「Following amendments to the Corporation Tax Act, the Company applied the Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform (Practical Issue Task Force No. 32, 17 June 2016) from the first quarter of the current consolidated fiscal 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 depreciation method was changed for building improvements and structures acquired on or after 1 April 2016. The impact on profit was deemed immaterial.