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Vector HOLDINGS (2656) · PolicyFirst stated

Change in depreciation method for building fixtures and structures

First written in FY2017-Q2. . Latest entry: FY2017-Q2.

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  1. FY2017-Q2First statedAnnual report

    「Following amendments to the Corporation Tax Act, we applied Practical Solution Report No. 32, “Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform,” to the first quarter, changing 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 change had no impact on the quarterly financial statements for the six months ended 30 September.」

    The depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from declining balance to straight line.
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