Supplementary Provisions, Article 4Transitional Provisions Concerning Selection of Depreciation Methods for Depreciable Assets

Where an individual who has two or more offices as of the Effective Date intends, for income tax for 1968 and subsequent years, to select a different depreciation method for each office for the Depreciable Assets that the individual holds and that are listed in Article 120, paragraph (1), item (i), (ii) or (iv) (Depreciation Methods for Depreciable Assets) of the New Order, the provisions of Article 124, paragraph (2) (Procedures for Changing Depreciation Methods for Depreciable Assets) of the New Order apply with the phrase "March 15 of the year in which the Resident intends to adopt the new depreciation method" in that paragraph deemed to be replaced with "June 30, 1968".