Change in Depreciation Method for Building Fixtures and Structures
First written in FY2017-Q3. 3 of 4 entries say "Restated". Latest entry: FY2020.
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- FY2020RestatedAnnual report
「The company uses the declining-balance method. However, it uses the straight-line method 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 accounting policy of using the straight-line method for building fixtures and structures has continued. - FY2018RestatedAnnual report
「The company uses the declining-balance method. However, it uses the straight-line method 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 accounting policy of changing the depreciation method for building fixtures and structures from the declining-balance method to the straight-line method 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 accounting policy changing the depreciation method for building improvements and structures from the declining-balance method to the straight-line method was also disclosed for the full year, and the impact on the consolidated financial statements was considered immaterial. - FY2017-Q3First statedAnnual report
「In accordance with amendments to the Corporation Tax Act, the company applied the Practical Solution on Changes in Depreciation Methods Related to the 2016 Tax Reform (Practical Solution Report No. 32, 17 June 2016) in the first-quarter consolidated accounting period and changed the depreciation method for building improvements and structures acquired on or after 1 April 2016 from the declining-balance method to the straight-line method.」
For building improvements and structures acquired on or after 1 April 2016, the depreciation method changed from the declining-balance method to the straight-line method. The company considers the impact of the change on the financial statements for the cumulative third-quarter period to be immaterial.