Supplementary Provisions, Article 7Transitional Measures Concerning the Method of Depreciation, etc. of Depreciable Assets

①The provisions of Article 120-2, paragraph (1), Article 123, paragraph (3), Article 125, Article 132, paragraph (1) and Article 134, paragraph (1) of the New Order apply to income tax for the tax year that includes the day specified in Article 1, item (iv) of the Supplementary Provisions and subsequent years, and the provisions then in force continue to govern income tax for years before the tax year that includes that day.

②Where, with regard to a Depreciable Asset listed in Article 120-2, paragraph (1), item (v) of the Former Order that was acquired before the day specified in Article 1, item (iv) of the Supplementary Provisions, the Units-of-production Method prescribed in item (iii), (a), (2) of that paragraph (hereinafter referred to as the "Units-of-production Method" in this paragraph) has already been selected as the depreciation method by which it is to be calculated (including where it is deemed to have been selected under the provisions of Article 123, paragraph (3) of the Former Order and where it is to be calculated by the method specified in Article 125, item (ii), (b) of the Former Order because the depreciation method was not notified), the Units-of-production Method, etc. prescribed in Article 120-2, paragraph (1), item (v), (b) of the New Order is deemed to have been selected for that Depreciable Asset.