Change in Depreciation Method for Building Improvements and Structures
First written in FY2017-Q1. 4 of 5 entries say "Restated". Latest entry: FY2020.
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- FY2020RestatedAnnual report
「The company and its domestic consolidated subsidiaries use the declining-balance method, while overseas consolidated subsidiaries use the straight-line method. However, the company and its domestic consolidated subsidiaries use the straight-line method for buildings, excluding building improvements, and for building improvements and structures acquired on or after 1 April 2016.」
The accounting policy of applying the straight-line method to building fixtures and structures acquired on or after 1 April 2016 has been continued. - FY2018RestatedAnnual report
「The company and its domestic consolidated subsidiaries use the declining-balance method, while overseas consolidated subsidiaries use the straight-line method. However, the company and its domestic consolidated subsidiaries use the straight-line method for buildings, excluding building improvements, and for building improvements and structures acquired on or after 1 April 2016.」
The accounting policy of applying the straight-line method to building fixtures and structures acquired on or after 1 April 2016 has been continued. - 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 continues to apply the accounting policy under which the depreciation method for building improvements and structures was changed from the declining-balance method to the straight-line method. - FY2017-Q2RestatedAnnual 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 continues to apply the accounting policy under which the depreciation method for building improvements and structures was changed from the declining-balance method to the straight-line method. - FY2017-Q1First statedAnnual report
「Following the revision of the Corporation Tax Act, we applied the Practical Response Report No. 32, “Practical Treatment of Changes in Depreciation Methods Related to the 2016 Tax Reform,” in the first quarter of 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.」
For eligible assets acquired on or after 1 April 2016, the depreciation method was changed from the declining-balance method to the straight-line method. The company states that the impact on the financial statements was immaterial.