Change in Depreciation Method Following Tax Reform
First written in FY2017-Q2. 1 of 2 entries say "Restated". Latest entry: FY2017-Q3.
The whole theme swung hardest in 2024: 3 of 18 companies on the "Worse" side.
- 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 company reiterated that the change in the depreciation method due to the tax reforms has been applied from the first quarter, and stated that the impact on the quarterly consolidated financial statements is immaterial. - 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' ancillary equipment and structures acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method in accordance with the tax reforms. The impact on the quarterly consolidated financial statements is considered immaterial.