Change in Depreciation Method for Building Improvements and Structures
First written in FY2017-Q3. 2 of 3 entries say "Restated". Latest entry: FY2021-Q2.
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- FY2021-Q2RestatedAnnual report
「Property, plant and equipment are depreciated using the declining-balance method. However, the straight-line method is used for buildings, excluding building fixtures, acquired on or after 1 April 1998, and for building fixtures and structures acquired on or after 1 April 2016. Estimated annual depreciation expense is allocated and recorded over the relevant periods.」
The accounting policy of using the straight-line method for building fixtures and structures acquired on or after 1 April 2016 has been continued. - FY2017RestatedAnnual report
「For building attachments and structures acquired on or after 1 April 2016, we have changed the depreciation method from the declining-balance method to the straight-line method.」
The accounting policy changing the depreciation method for building fixtures and structures from the declining-balance method to the straight-line method was also confirmed for the full fiscal year. - FY2017-Q3First 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 the financial statements was considered immaterial.