Change in depreciation method for building equipment and structures
First written in FY2017-Q3. 2 of 3 entries say "Restated". Latest entry: FY2018-Q2.
The whole theme swung hardest in 2024: 3 of 17 companies on the "Worse" side.
- FY2018-Q2RestatedAnnual report
「Property, plant and equipment are depreciated mainly using the declining-balance method. However, the straight-line method is used for buildings acquired on or after 1 April 1998, excluding building fixtures, and for building fixtures and structures acquired on or after 1 April 2016. Estimated annual depreciation is allocated and recorded based on the period.」
The accounting policy of applying the straight-line method to building fixtures and structures acquired on or after 1 April 2016 remains in effect. - 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 for assets acquired on or after 1 April 2016 was also applied in the annual results. - FY2017-Q3First statedAnnual report
「Following amendments to the Corporation Tax Act, we applied the Practical Solution on Change in Depreciation Method Related to the 2016 Tax Reform (Practical Issues Task Force No. 32, 17 June 2016) from the first quarter of the consolidated fiscal year 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 fixtures 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 ordinary income and quarterly net income before income taxes was described as immaterial.