Atom (7412) · PolicyRestated
Change in depreciation method for tools, equipment and fixtures from the declining-balance method to the straight-line method
First written in FY2019-Q1. 2 of 3 entries say "Restated". Latest entry: FY2019-Q3.
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Change in Depreciation Method for Tools, Equipment and Fixtures Following a Review of the Store Capital Investment PolicyA theme 1 companies write about · 0 as a headwind · 0 as a tailwind
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- FY2019-Q3RestatedAnnual report
「For tools, equipment and fixtures, the company had previously used the declining-balance method, but changed to the straight-line method from the first-quarter consolidated accounting period.」
The accounting policy change from the declining-balance method to the straight-line method for depreciating tools, equipment and fixtures was reiterated. - FY2019-Q2RestatedAnnual report
「For tools, equipment and fixtures, the company had previously used the declining-balance method, but changed to the straight-line method from the first-quarter consolidated accounting period.」
The accounting policy change from the declining-balance method to the straight-line method for depreciating tools, equipment and fixtures was reiterated in the second quarter. - FY2019-Q1First statedAnnual report
「For tools, equipment and fixtures, the company had previously used the declining-balance method, but changed to the straight-line method from the current first-quarter consolidated accounting period.」
The company reviewed the actual usage of the assets in connection with a review of its store investment policy and changed the method after determining that the straight-line method, which records equal amounts over the useful life, better reflected actual conditions. The impact was described as immaterial.