Lets contend to decrease the 4 year aged office building you’ve been regulating the double-declining shift process for the final 4 years. Now we wish to shift to the true line process upon the 5th year? Does this violate GAAP?
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Yes, it does. If you want to change then you must work backwards from year 1 – and depreciate using straight line for whole 5 years.
If you change only in year 5- there amount will be slight difference. Tax authorities might see it as ‘creative accounting’ if they detect you.
Good Luck.
Jas