Change in Depreciation Method for Building Improvements and Structures
First written in FY2017-Q2. 4 of 5 entries say "Restated". Latest entry: FY2020.
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- FY2020RestatedAnnual report
「The straight-line method is applied to buildings and structures acquired on or after 1 April 2016, as well as the Company's tools.」
The accounting policy of applying the straight-line method to the applicable acquisitions, including buildings and structures, remains in effect. - FY2018RestatedAnnual report
「The straight-line method is applied to buildings and structures acquired on or after 1 April 2016, as well as the Company's tools.」
The accounting policy of applying the straight-line method to the applicable acquisitions, including buildings and structures, remains in effect. - FY2017RestatedAnnual 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 Solution Report No. 32, 17 June 2016) during the current consolidated fiscal year 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 annual disclosure also confirmed the accounting policy of changing the depreciation method for buildings and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method. - FY2017-Q3RestatedAnnual report
「Following the revision of the Corporation Tax Act, we applied the Practical Solution on Change in Depreciation Method in Connection with the 2016 Tax Reform (Practical Issues Task Force No. 32, 17 June 2016) from the first quarter of the fiscal year 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 accounting policy changing the depreciation method for buildings and structures from the declining-balance method to the straight-line method is restated. - FY2017-Q2First statedAnnual report
「Following the revision of the Corporation Tax Act, we applied the Practical Solution on Change in Depreciation Method in Connection with the 2016 Tax Reform (Practical Issues Task Force No. 32, 17 June 2016) from the first quarter of the fiscal year 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.」
For buildings and structures acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method. The impact on operating income and other items was considered immaterial.