SECTION 6. CHANGE IN METHOD

OF ACCOUNTING

.01 In general . A change to use the unit of property and major component definitions provided by this revenue procedure is a change in method of accounting to which the provisions of §§ 446 and 481, and the regulations thereunder, apply. A taxpayer that wants to change to the method of accounting described in this revenue procedure must use the automatic change in method of accounting provisions in Rev. Proc. 2011–14, 2011–4 I.R.B. 330, or its successor, as modified by this revenue procedure.

.02 Extrapolation . Taxpayers applying the method of accounting provided in this revenue procedure may extrapolate re

component” definitions which, if used by a taxpayer as provided in the revenue procedure, will not be challenged by the Service.

.04 A taxpayer’s method for determining whether an expenditure is deductible or is capitalizable, including unit of property and major component definitions, is a method of accounting under § 446. Section 446(e) and § 1.446–1(e) require taxpayers to secure the consent of the Commissioner before changing a method of accounting for Federal income tax purposes. Section 1.446–1(e)(3)(ii) authorizes the Commissioner to prescribe administrative procedures setting forth the limitations, terms, and conditions necessary to permit a taxpayer to obtain consent to change a method of accounting.