Article 33Depreciation Allowance for Depreciable Assets of the Same Type, etc.

①The amount of the depreciation allowance to be included in necessary expenses in calculating the amount of real property income, the amount of business income, the amount of timber income or the amount of miscellaneous income for each year, with respect to a Depreciable Asset held by a Resident to which the useful life prescribed in the Useful Life Order (including that deemed to be the useful life under the provisions of Article 130, paragraph (1) (Shortening of Useful Life) of the Order; the same applies hereinafter in this paragraph) is applied, is to be the amount calculated by the method of depreciation, in accordance with that useful life, for each category of types of Depreciable Assets prescribed in the Useful Life Order (for those types for which a category of structure or use, detail or type of equipment is specified, that category of structure or use, detail or type of equipment, and, where a Resident who has two or more places of business has selected the method of depreciation for each place of business, those categories for each place of business), and, for those differing in that useful life and in the method of depreciation prescribed in Articles 120 through 121 (Methods of Depreciation of Depreciable Assets, etc.) of the Order that the Resident has adopted, for each such difference.

②In the case referred to in the preceding paragraph, where a Resident follows, for the categories of types of the machinery and equipment that the Resident holds, the categories of types of equipment specified in the former Useful Life Ministerial Order, the categories of types of Depreciable Assets prescribed in that paragraph may be the categories of types of equipment specified in the former Useful Life Ministerial Order.

③If, among the Depreciable Assets for which a Resident has adopted the declining-balance method prescribed in Article 120-2, paragraph (1), item (i), (a), (2) (Depreciation Methods for Depreciable Assets) of the Order as the depreciation method to be used, there are assets acquired on or before March 31, 2012 and assets acquired on or after April 1 of that year, the provisions of paragraph (1) apply on the basis that those assets are respectively subject to different depreciation methods.