Changing the Depreciation Method for Building Improvements and Structures Following Tax Reform
First written in FY2017-Q1. 5 of 6 entries say "Restated". Latest entry: FY2019.
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- FY2019RestatedAnnual report
「However, the straight-line method is used for buildings, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016.」
Reaffirms the application of the straight-line method following the tax reform to building fixtures, structures and other assets. - FY2018RestatedAnnual report
「However, the straight-line method is used for buildings, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016.」
Reaffirms the application of the straight-line method following the tax reform to building fixtures, structures and other assets. - FY2017RestatedAnnual report
「In accordance with revisions to the Corporation Tax Act, the company applied in the fiscal year the Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform (Practical Issues Task Force Report No. 32, 17 June 2016), 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 in depreciation method resulting from the tax reform has also been applied in the current fiscal year. - FY2017-Q3RestatedAnnual report
「Following amendments to the Corporation Tax Act, the Company applied from the first-quarter accounting period the Practical Response Report No. 32, “Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform” (17 June 2016), 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 change in depreciation method resulting from the tax reform is reiterated as accounting treatment already applied in the third-quarter report. - FY2017-Q2RestatedAnnual report
「Following amendments to the Corporation Tax Act, the Company applied from the first-quarter accounting period the Practical Response Report No. 32, “Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform” (17 June 2016), 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 change in depreciation method resulting from the tax reform is reiterated as accounting treatment already applied in the second-quarter report. - FY2017-Q1First statedAnnual report
「In accordance with the amendment to the Corporation Tax Act, the company has applied the Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Issues Task Force Report No. 32, 17 June 2016) from the first quarter of the current fiscal year, and has 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.」
Following the tax reform, the depreciation method for building fixtures and structures acquired on or after 1 April 2016 was changed from the declining-balance method to the straight-line method. The impact on profit or loss is stated to be immaterial.