Form 3115                             Application for Change in Accounting Method                                                                   OMB No. 1545-2070

(Rev. December 2022)                                                                                                                                Attachment 
Department of the Treasury          Go to www.irs.gov/Form3115 for instructions and the latest information.                                         Sequence No.  315
Internal Revenue Service 
Name of filer (name of parent corporation if a consolidated group) (see instructions)                   Identification number (see instructions) 

                                                                                                        Principal business activity code number (see instructions) 

Number, street, and room or suite no. If a P.O. box, see the instructions.                              Tax year of change begins (MM/DD/YYYY) 
                                                                                                        Tax year of change ends (MM/DD/YYYY) 
City or town, state, and ZIP code                                                                       Name of contact person (see instructions) 

Name of applicant(s) (if different than filer) and identification number(s) (see instructions)                                  Contact person’s telephone number 

Does the filer want to receive a copy of the change in method of accounting letter ruling  or other correspondence 
related to this Form 3115 by fax or encrypted email attachment? If “Yes,” see instructions                         .       .  .  . .  .  .        .   Yes             No
If the applicant is a member of a consolidated group, check this box                             . .  . . . .    . .       .  .  . .  .  .        . . . .          . .
If Form 2848  , Power of Attorney and Declaration of Representative, is attached (see instructions for when Form 2848 is required), 
check this box           .  . .   . . .     . . . .             . . .      . . .      .        . . .  . . . .    . .       .  .  . .  .  .        . . . .          . .
Check the box to indicate the type of applicant.                                                      Check the appropriate box to indicate the type 
   Individual                                       Cooperative (Sec. 1381)                           of accounting method change being requested.   
   Corporation                                      Partnership                                       See instructions. 
   Controlled foreign corporation (Sec. 957)        S corporation                                       Depreciation or Amortization 
   10/50 corporation (Sec. 904(d)(2)(E))            Insurance co. (Sec. 816(a))                         Financial Products and/or Financial Activities of 
   Qualified personal service                       Insurance co. (Sec. 831)                            Financial Institutions  
   corporation (Sec. 448(d)(2))                     Other (specify):                                     Other (specify): 
   Exempt organization. Enter 
   Code section: 
Caution: To be eligible for approval of the requested change in method of accounting, the taxpayer must provide all information that is 
relevant to the taxpayer or to the taxpayer’s requested change in method of accounting. This includes (1) all relevant information requested on 
this Form 3115 (including its instructions), and (2 ) any other relevant information, even if not specifically requested on Form 3115. 
   The taxpayer must attach all applicable statements requested throughout this form.
Part I         Information for Automatic Change Request
   1 Enter  the  applicable  designated  automatic  accounting  method  change  number  (“DCN”)  for  the  requested                                      Yes No
     automatic change. Enter only one DCN, except as provided for in guidance published by the IRS. If the requested 
     change  has  no  DCN,  check  “Other,”  and  provide  both  a  description  of  the  change  and  a  citation  of  the  IRS 
     guidance providing the automatic change. See instructions.
   a  (1) DCN:                (2) DCN:          (3) DCN:                       (4) DCN:                 (5) DCN:             (6) DCN:
     (7) DCN:                 (8) DCN:          (9) DCN:                     (10) DCN:                (11) DCN:            (12) DCN:
   b Other               Description: 
   2 Do any of the eligibility rules restrict the applicant from filing the requested change using the automatic change 
     procedures (see instructions)? If “Yes,” attach an explanation                              . .  . . . .    . .       .  .  . .  .  .        . . .  
   3 Has the filer provided all the information and statements required ( )aon this form and ( ) byb                         the List of Automatic 
     Changes under which the applicant is requesting a change? See instructions                             .    . .       .  .  . .  .  .        . . .
     Note: Complete Part II and Part IV of this form, and, Schedules A through E, if applicable.
Part II        Information for All Requests                                                                                                               Yes No
   4 During the  tax year of change, did or will the applicant ( )acease to engage in the trade or business to which the
     requested change relates, or (b) terminate its existence? See instructions                           . .    . .       .  .  . .  .  .        . . .
   5 Is the applicant requesting to change to the principal method in the tax year of change under Regulations section
     1.381(c)(4)-1(d)(1) or 1.381(c)(5)-1(d)(1)?  .               . .      . . .      .        . . .  . . . .    . .       .  .  . .  .  .        . . .
     If “No,” go to line 6a.
     If “Yes,” the applicant cannot file a Form 3115 for this change. See instructions.
               Under penalties of perjury, I declare that I have examined this application, including accompanying schedules and statements, and to the best of my 
               knowledge  and  belief,  the  application  contains  all  the  relevant  facts  relating  to  the  application,  and  it  is  true,  correct,  and  complete.  Declaration  of 
Sign           preparer (other than applicant) is based on all information of which preparer has any knowledge. 
Here           Signature of filer (and spouse, if joint return)                                  Date            Name and title (print or type)

Preparer         Print/Type preparer’s name                                                           Preparer’s signature                            Date
(other than 
filer/applicant) Firm’s name  
For Privacy Act and Paperwork Reduction Act Notice, see the instructions.                                 Cat. No. 19280E                        Form 3115 (Rev. 12-2022) 

Form 3115 (Rev. 12-2022)                                                                                                                Page 2 
Part II   Information for All Requests (continued  )                                                                                 Yes No
6a   Does the applicant (or any present or former consolidated group in which the applicant was a member during the
     applicable tax year(s)) have any federal income tax return(s) under examination (see instructions)?         . .  .    .    .
     If “No,” go to line 7a.
b    Is the method of accounting the applicant is requesting to change an issue under consideration (with respect to 
     either the applicant or any present or former consolidated group in which the applicant was a member during the
     applicable tax year(s))? See instructions .      . .    . . .   .   . . .   .   . . . .      .   . . . .    . .  .    .    .
c    Enter the name and telephone number of the examining agent and the tax year(s) under examination.
     Name                                                      Telephone number                         Tax year(s)
d    Has a copy of this Form 3115 been provided to the examining agent identified on line 6c?  .          . .    . .  .    .    .
7a   Does audit protection apply to the applicant’s requested change in method of accounting? See instructions             .    .
     If “No,” attach an explanation. 
b    If “Yes,” check the applicable box and attach the required statement.
          Not under exam                        3-month window               120 day: Date examination ended 
          Method not before director            Negative adjustment          CAP: Date member joined group 
          Audit protection at end of exam       Other
8a   Does the applicant (or any present or former consolidated group in which the applicant was a member during the
     applicable tax year(s)) have any federal income tax return(s) before Appeals and/or a federal court?  .       .  .    .    .
     If “No,” go to line 9.
b    Is the method of accounting the applicant is requesting to change an issue under consideration by Appeals and/or 
     a federal court (for either the applicant or any present or former consolidated group in which the applicant was a 
     member for the tax year(s) the applicant was a member)? See instructions  .         . .      .   . . . .    . .  .    .    .
     If “Yes,” attach an explanation.
c    If “Yes,” enter the name of the (check the box)           Appeals officer and/or    counsel for the government, 
     telephone number, and the tax year(s) before Appeals and/or a federal court. 
     Name                                                        Telephone number                         Tax year(s) 
d    Has a copy of this Form 3115 been provided to the Appeals officer and/or counsel for the government identified 
     on line 8c?  .      . . .    . . .     . .     . . .    . . .   .   . . .   .   . . . .      .   . . . .    . .  .    .    .
9    If the applicant answered “Yes” to line 6a and/or 8a with respect to any present or former consolidated group, 
     attach a statement that provides each parent corporation’s (a) name, ( )bidentification number, ( ) address,c    and ( )   d
     tax  year(s)  during  which  the  applicant  was  a  member  that  is  under  examination,  before  an  Appeals  office, 
     and/or before a federal court.
10   If for federal income tax purposes, the applicant is either an entity (including a limited liability company) treated as 
     a partnership or an S corporation, is it requesting a change from a method of accounting that is an issue under 
     consideration in an examination, before Appeals, or before a federal court, with respect to a federal income tax 
     return of a partner, member, or shareholder of that entity? .       . . .   .   . . . .      .   . . . .    . .  .    .    .
11 a Has  the  applicant,  its  predecessor,  or  a  related  party  requested  or  made  (under  either  an  automatic  or 
     non-automatic change procedure) a change in method of accounting within any of the 5 tax years ending with the
     tax year of change?     .    . . .     . .     . . .    . . .   .   . . .   .   . . . .      .   . . . .    . .  .    .    .
     If “No,” go to line 12.
b    If  “Yes,”  for  each  trade  or  business,  attach  a  description  of  each  requested  change  in  method  of  accounting 
     (including the tax year of change) and state whether the applicant received consent.
c    If any application was withdrawn, not perfected, or denied, or if a Consent Agreement granting a change was not 
     signed and returned to the IRS, or the change was not made or not made in the requested year of change, attach
     an explanation.
12   Does  the  applicant,  its  predecessor,  or  a  related  party  currently  have  pending  any  request  (including  any
     concurrently filed request) for a private letter ruling, change in method of accounting, or technical advice?  .      .    .
     If “Yes,” for each request attach a statement providing (a) the name(s) of the taxpayer, ( )bidentification number(s), 
     (c)  the  type  of  request  (private  letter  ruling,  change  in  method  of  accounting,  or  technical  advice),  and d( )  the
     specific issue(s) in the request(s).
13   Is the applicant requesting to change its overall method of accounting?  .        . . .      .   . . . .    . .  .    .    .
     If “Yes,” complete Schedule A on page 4 of the form.
                                                                                                                      Form 3115 (Rev. 12-2022) 

Form 3115 (Rev. 12-2022)                                                                                                           Page 3 
Part II     Information for All Requests (continued  )                                                                             Yes No
14   If the applicant is either ( )i not changing its overall method of accounting, or ( ) changingii its overall method of
     accounting  and  changing  to  a  special  method  of  accounting  for  one  or  more  items,  attach  a  detailed  and 
     complete description for each of the following (see instructions): 
a    The item(s) being changed.
b    The applicant’s present method for the item(s) being changed.
c    The applicant’s proposed method for the item(s) being changed.
d    The applicant’s present overall method of accounting (cash, accrual, or hybrid).
15 a Attach a detailed and complete description of the applicant’s trade(s) or business(es). See section 446(d).
b    If  the  applicant  has  more  than  one  trade  or  business,  as  defined  in  Regulations  section  1.446-1(d),  describe
     (i) whether each trade or business is accounted for separately; ( )iithe goods and services provided by each trade
     or business and any other types of activities engaged in that generate gross income; ( ) theiiioverall method of
     accounting for each trade or business; and ( ) whichiv   trade or business is requesting to change its accounting 
     method as part of this application or a separate application.
     Note: If you are requesting an automatic method change, see the instructions to see if you are required to complete 
     lines 16a–16c.
16a  Attach a full explanation of the legal basis supporting the proposed method for the item being changed. Include a 
     detailed and complete description of the facts that explains how the law specifically applies to the applicant’s 
     situation and that demonstrates that the applicant is authorized to use the proposed method.
b    Include all authority (statutes, regulations, published rulings, court cases, etc.) supporting the proposed method. 
c    Include either a discussion of the contrary authorities or a statement that no contrary authority exists.
17   Will the proposed method of accounting be used for the applicant’s books and records and financial statements?
     For insurance companies, see the instructions      .     . .   .  . . .    .  . .   .   . .    . .   . .     . . .   .  .
     If “No,” attach an explanation. 
18   Does  the  applicant  request  a  conference  with  the  IRS  National  Office  if  the  IRS  National  Office  proposes  an
     adverse response? .    .     .  .  . . . .   .   . .     . .   .  . . .    .  . .   .   . .    . .   . .     . . .   .  .  
19a  If the applicant is changing to either the overall cash method, an overall accrual method, or is changing its method
     of accounting for any property subject to section 263A, any long-term contract subject to section 460 (see 19b), or 
     inventories subject to section 471 or 474, enter the applicant’s gross receipts for the 3 tax years preceding the tax 
     year of change.
     1st preceding                          2nd preceding                            3rd preceding  
     year ended:   mo.               yr.    year ended:   mo.              yr.       year ended:      mo.             yr. 
     $                                      $                                        $ 
b    If the applicant is changing its method of accounting for any long-term contract subject to section 460, in addition
     to completing 19a, enter the applicant’s gross receipts for the 4th tax year preceding the tax year of change:
     4th preceding year ended: mo.                yr.         $ 

Part III    Information for Non-Automatic Change Request                                                                           Yes No
20   Is  the  applicant’s  requested  change  described  in  any  revenue  procedure,  revenue  ruling,  notice,  regulation,  or 
     other published guidance as an automatic change request?  .         . .    .  . .   .   . .    . .   . .     . . .   .  .
     If  “Yes,”  attach  an  explanation  describing  why  the  applicant  is  submitting  its  request  under  the  non-automatic 
     change procedures. 
21   Attach a copy of all documents related to the proposed change (see instructions). 
22   Attach a statement of the applicant’s reasons for the proposed change. 
23   If  the  applicant  is  a  member  of  a  consolidated  group  for  the  year  of  change,  do  all  other  members  of  the 
     consolidated group use the proposed method of accounting for the item being changed?  .              . .     . . .   .  .
     If “No,” attach an explanation. 
24 a Enter the amount of user fee attached to this application (see instructions) .      .   . .    . $ 
b    If the applicant qualifies for a reduced user fee, attach the required information or certification (see instructions). 
                                                                                                                      Form 3115 (Rev. 12-2022) 

Form 3115 (Rev. 12-2022)                                                                                                              Page 4 
Part IV  Section 481(a) Adjustment                                                                                                Yes No
25 Does published guidance require the applicant (or permit the applicant and the applicant is electing) to implement 
   the requested change in method of accounting on a cut-off basis?  .    . .  . .      . .     .  . .   .         . . . .  .  
   If “Yes,” attach an explanation and do not complete lines 26, 27, 28, and 29 below.
26 Enter  the  section  481(a)  adjustment.  Indicate  whether  the  adjustment  is  an  increase  (+)  or  a  decrease  (-)  in 
   income.    $                            Attach a summary of the computation and an explanation of the  methodology 
   used  to  determine  the  section  481(a)  adjustment.  If  it  is  based  on  more  than  one  component,  show  the
   computation  for  each  component.  If  the  applicant  waived  any  deductions  with  respect  to  the  method  of
   accounting pursuant to Regulations section 1.59A-3(c)(6)(i), include a summary of the waived deductions. If more 
   than  one  applicant  is  applying  for  the  method  change  on  the  application,  attach  a  list  of  the a( )  name,  (b )
   identification number, and (c ) the amount of the section 481(a) adjustment attributable to each applicant. 
27 Is the applicant required to take into account in the year of change any remaining portion  of a section 481(a) 
   adjustment from a prior change (see instructions)? If “Yes,” enter the amount.                                $ . . . .  .  
28 Is the applicant making an election to take the entire amount of the adjustment into account in the tax year of change?  
   If “Yes,” check the box for the applicable elective provision used to make the election (see instructions). 
        $50,000 de minimis election           Eligible acquisition transaction election
29 Is any part of the section 481(a) adjustment attributable to transactions between members of an affiliated group, a
   consolidated group, a controlled group, or other related parties?   .  . .  . .      . .     .  . .   .         . . . .  .
   If “Yes,” attach an explanation. 
Schedule A—Change in Overall Method of Accounting (If Schedule A applies, Part I below must be completed.) 
Part I   Change in Overall Method (see instructions) 
1  Check the appropriate boxes below to indicate the applicant’s present and proposed methods of accounting.
   Present method:                        Cash                 Accrual                  Hybrid (attach description) 
   Proposed method:                       Cash                 Accrual                  Hybrid (attach description) 
2  Enter the following amounts as of the close of the tax year preceding the year of change. If none, state  “None.” Also, attach a 
   statement providing a breakdown of the amounts entered on lines 2a through 2g. 
                                                                                                                               Amount 
a  Income accrued but not received (such as accounts receivable) .     .  . .  . .      . .     .  . .   .         . .   $ 
b  Income received or reported before it was earned (such as advanced payments). Attach a description of
   the income and the legal basis for the proposed method  .     .   . .  . .  . .      . .     .  . .   .         . .
c  Expenses accrued but not paid (such as accounts payable)  .       . .  . .  . .      . .     .  . .   .         . .
d  Prepaid expenses previously deducted  .       . . .   .   . . .   . .  . .  . .      . .     .  . .   .         . .
e  Supplies on hand previously deducted and/or not previously reported  .   .  . .      . .     .  . .   .         . .
f  Inventory on hand previously deducted and/or not previously reported. Complete Schedule D, Part II                .
g  Other amounts (specify). Attach a description of the item and the legal basis for its inclusion in the 
   calculation of the section 481(a) adjustment. 
h  Net section 481(a) adjustment (Combine lines 2a–2g.) Indicate whether the adjustment is an increase (+) 
   or decrease (-) in income. Also enter the net amount of this section 481(a) adjustment amount on Part IV, 
   line 26  . .          . .  . . . . . .   . .  . . .   .   . . .   . .  . .  . .      . .     .  . .   .         . .   $ 

3  Is the applicant also requesting the recurring item exception under section 461(h)(3)? .     .  . .   .         . .      Yes       No

4  Attach copies of the profit and loss statement (Schedule F (Form 1040) for farmers) and the balance sheet, if applicable, as of
   the close of the tax year preceding the year of change. Also attach a statement specifying the accounting method used when 
   preparing the balance sheet. If books of account are not kept, attach a copy of the business schedules submitted with the 
   federal income tax return or other return (such as tax-exempt organization returns) for that period. If the amounts in Part I, lines
   2a through 2g, do not agree with the amounts shown on the balance sheet, attach a statement explaining the differences. 
5  Is the applicant making a change to the overall cash method or to a method in which a taxpayer uses an
   accrual method for purchases and sales of inventory and uses the cash method for computing all other 
   items of income and expense (see instructions)? .     .   . . .   . .  . .  . .      . .     .  . .   .         . .      Yes       No
Part II  Change to the Cash Method for Non-Automatic Change Request (see instructions) 
Applicants requesting a change to the cash method must attach the following information: 
1  A description of inventory items (items whose production, purchase, or sale is an income-producing factor) and materials  and 
   supplies used in carrying out the business. 
2  An explanation as to whether the applicant is required to use an accrual method under any section of the Code or regulations. 
                                                                                                                       Form 3115 (Rev. 12-2022) 

Form 3115 (Rev. 12-2022)                                                                                                 Page 5 
Schedule B—Changes Related to the Deferral Method for Advance Payments, Cost Offset Methods, and/or the 
Applicable Financial Statement Income Inclusion Rule (see instructions)
1 If  the  applicant  is  requesting  to  change  to  the  deferral  method  for  advance  payments  under  Regulations  section 
  1.451-8(c) or (d), as described in the instructions, attach the information specified in the instructions.
2 If the applicant is requesting to change to or within a cost offset method under Regulations section 1.451-3(c) and/or Regulations 
  section 1.451-8(e), as described in the instructions, attach the information specified in the instructions.
3 If the applicant is requesting to change to or within a method to conform to the applicable financial statement (AFS) income
  inclusion  rule  under  section  451(b)  and  Regulations  section  1.451-3,  as  described  in  the  instructions,  attach  a  detailed
  description of the proposed method including the information specified in the instructions.
Schedule C—Changes Within the LIFO Inventory Method (see instructions) 
Part I     General LIFO Information 
Complete  this  section  if  the  requested  change  involves  changes  within  the  LIFO  inventory  method.  Also,  attach  a  copy  of  all 
Forms 970  , Application To Use LIFO Inventory Method, filed to adopt or expand the use of the LIFO method. 
1 Attach a description of the applicant’s present and proposed LIFO methods and submethods for each of the following 
  items: 
a Valuing inventory (for example, unit method or dollar-value method). 
b Pooling (for example, by line or type or class of goods, natural business unit, multiple pools, raw material content, simplified 
  dollar-value method, inventory price index computation (IPIC) pools, vehicle-pool method, etc.). 
c Pricing dollar-value pools (for example, double-extension, index, link-chain, link-chain index, IPIC method, etc.). 
d Determining the current-year cost of goods in the ending inventory (such as, most recent acquisitions, earliest acquisitions during 
  the current year, average cost of current-year acquisitions, rolling-average cost, or other permitted method). 
2 If  any  present  method  or  submethod  used  by  the  applicant  is  not  the  same  as  indicated  on  Form(s)  970  filed  to  adopt  or 
  expand the use of the method, attach an explanation. 
3 If the proposed change is not requested for all the LIFO inventory, attach a statement specifying the inventory to which the
  change is and is not applicable. 
4 If the proposed change is not requested for all of the LIFO pools, attach a statement specifying the LIFO pool(s) to which the
  change is applicable. 
5 Attach  a  statement  addressing  whether  the  applicant  values  any  of  its  LIFO  inventory  on  a  method  other  than  cost.  For 
  example, if the applicant values some of its LIFO inventory at retail and the remainder at cost, identify which inventory items
  are valued under each method. 
6 If changing to the IPIC method, attach a completed Form 970. 
Part II    Change in Pooling Inventories 
1 If the applicant is proposing to change its pooling method or the number of pools, attach a description of the contents of, and 
  state the base year for, each dollar-value pool the applicant presently uses and proposes to use. 
2 If  the  applicant  is  proposing  to  use  natural  business  unit  (NBU)  pools  or  requesting  to  change  the  number  of  NBU  pools, 
  attach the following information (to the extent not already provided) in sufficient detail to show that each proposed NBU was 
  determined under Regulations sections 1.472-8(b)(1) and (2): 
a A description of the types of products produced by the applicant. If possible, attach a brochure. 
b A description of the types of processes and raw materials used to produce the products in each proposed pool. 
c If all of the products to be included in the proposed NBU pool(s) are not produced at one facility, state the reasons for the
  separate facilities, the location of each facility, and a description of the products each facility produces. 
d A description of the natural business divisions adopted by the taxpayer. State whether separate cost centers are maintained 
  and if separate profit and loss statements are prepared. 
e A  statement  addressing  whether  the  applicant  has  inventories  of  items  purchased  and  held  for  resale  that  are  not  further 
  processed by the applicant, including whether such items, if any, will be included in any proposed NBU pool. 
f A  statement  addressing  whether  all  items  including  raw  materials,  goods-in-process,  and  finished  goods  entering  into  the 
  entire inventory investment for each proposed NBU pool are presently valued under the LIFO method. Describe any items that 
  are not presently valued under the LIFO method that are to be included in each proposed pool. 
g A  statement  addressing  whether,  within  the  proposed  NBU  pool(s),  there  are  items  both  sold  to  unrelated  parties  and 
  transferred to a different unit of the applicant to be used as a component part of another product prior to final processing. 
3 If  the  applicant  is  engaged  in  manufacturing  and  is  proposing  to  use  the  multiple  pooling  method  or  raw  material  content 
  pools, attach information to show that each proposed pool will consist of a group of items that are substantially similar. See 
  Regulations section 1.472-8(b)(3). 
4 If the applicant is engaged in the wholesaling or retailing of goods and is requesting to change the number of pools used, 
  attach information to show that each of the proposed pools is based on customary business classifications of the applicant’s 
  trade or business. See Regulations section 1.472-8(c). 
                                                                                                                Form 3115 (Rev. 12-2022) 

Form 3115 (Rev. 12-2022)                                                                                                      Page 6 
Schedule D—Change in the Treatment of Long-Term Contracts Under Section 460, Inventories, or Other  
Section 263A Assets (see instructions) 
Part I  Change in Reporting Income From Long-Term Contracts (Also complete Part III on pages 7 and 8.) 
1   To the extent not already provided, attach a description of the applicant’s present and proposed methods for reporting income 
    and expenses from long-term contracts. Also, attach a representative actual contract (without any deletions) for the requested
    change. If the applicant is a construction contractor, attach a detailed description of its  construction activities. 
2a  Are the applicant’s contracts long-term contracts as defined in section 460(f)(1) (see instructions)?  . .            Yes No
b   If “Yes,” do all the contracts qualify for the exception under section 460(e) (see instructions)?  . . . .            Yes No
    If line 2b is “No,” attach an explanation. 
c   Is  the  applicant  requesting  to  use  the  percentage-of-completion  method  using  cost-to-cost  under 
    Regulations section 1.460-4(b)?    .   .   . . . . . . .   .    .   . . .   . . . . .      . .       . . .            Yes No
d   If line 2c is “Yes,” in computing the completion factor of a contract, will the applicant use the simplified 
    cost-to-cost method described in Regulations section 1.460-5(c)?  .   . .   . . . . .      . .       . . .            Yes No
e   If  line  2c  is  “No,”  is  the  applicant  requesting  to  use  the  exempt-contract  percentage-of-completion
    method under Regulations section 1.460-4(c)(2)? .  . . .   .    .   . . .   . . . . .      . .       . . .            Yes No
    If line 2e is “Yes,” attach an explanation of what method the applicant will use to determine a contract’s 
    completion  factor. 
    If line 2e is “No,” attach an explanation of what method the applicant is using and the authority for its use. 
3a  Does the applicant have long-term manufacturing contracts as defined in section 460(f)(2)? . .       . . .            Yes No
b   If “Yes,” attach a description of the applicant’s manufacturing activities, including any required installation
    of manufactured goods.
4 a Does the applicant enter into cost-plus long-term contracts?  . .   . . .   . . . . .      . .       . . .            Yes No
b   Does the applicant enter into federal long-term contracts? .    .   . . .   . . . . .      . .       . . .            Yes No
Part II Change in Valuing Inventories Including Cost Allocation Changes (Also complete Part III on pages 7 and 8.) 
1   Attach a description of the inventory goods being changed. 
2   Attach a description of the inventory goods (if any) NOT being changed. 
3 a Is the applicant subject to section 263A? If “No,” go to line 4a  . . . .   . . . . .      . .       . . .            Yes No
b   Is the applicant’s present inventory valuation method in compliance with section 263A (see instructions)?
    If “No,” attach a detailed explanation .   . . . . . . .   .    .   . . .   . . . . .      . .       . . .            Yes No
                                                                                  Inventory Method Being Changed      Inventory Method Not 
4 a Check the appropriate boxes in the chart.                                                                             Being Changed 
    Identification methods:                                                     Present method    Proposed method         Present method 
        Specific identification .  . . .   .   . . . . . . .   .    .   . .
        FIFO  .          . . . . . . . .   .   . . . . . . .   .    .   . .
        LIFO  .          . . . . . . . .   .   . . . . . . .   .    .   . .
        Other (attach explanation)  .  .   .   . . . . . . .   .    .   . .
    Valuation methods: 
        Cost  .          . . . . . . . .   .   . . . . . . .   .    .   . .
        Cost or market, whichever is lower  .    . . . . . .   .    .   . .
        Retail cost  .       . . . . . .   .   . . . . . . .   .    .   . .
        Retail, lower of cost or market  . .   . . . . . . .   .    .   . .
        Other (attach explanation)  .  .   .   . . . . . . .   .    .   . .
b   Enter the value at the end of the tax year preceding the year of change.  $                $ 
5   If  the  applicant  is  changing  from  the  LIFO  inventory  method  to  a  non-LIFO  method,  attach  the  following  information  (see 
    instructions). 
a   Copies of Form(s) 970 filed to adopt or expand the use of the method. 
b Only for applicants requesting a non-automatic change.  A statement describing whether the applicant is changing to the
    method required by Regulations section 1.472-6(a) or (b), or whether the applicant is proposing a different method. 
c   Only for applicants requesting an automatic change.  The statement required by section 23.01(5) of Rev. Proc. 2022-14 (or 
    its successor). 
6   Is  the  applicant  presently  using  the  AFS  cost  offset  method  as  described  in  Regulations  section 
    1.451-3(c) and/or the advance payment cost offset method described in Regulations section 1.451-8(e), 
    or is the applicant changing to such methods for the same year of change as the requested change in
    inventory method? If “Yes,” see the instructions for rules regarding concurrent changes .  . .       . . .            Yes No

                                                                                                                 Form 3115 (Rev. 12-2022) 

Form 3115 (Rev. 12-2022)                                                                                                          Page 7 
Part III      Method of Cost Allocation (Complete this part if the requested change involves either property subject  to 
              section 263A or long-term contracts as described in section 460.) See instructions. 
Section A—Allocation and Capitalization Methods 
Attach a description (including sample computations) of the present and proposed method(s) the applicant uses to capitalize direct 
and indirect costs properly allocable to real or tangible personal property produced and property acquired for resale, or to allocate 
direct and indirect costs required to be allocated to long-term contracts. Include a description of the  method(s) used for allocating 
indirect  costs  to  intermediate  cost  objectives  such  as  departments  or  activities  prior  to  the  allocation  of  such  costs  to  long-term 
contracts, real or tangible personal property produced, and property acquired for resale. The description  must include the following: 
1     The method of allocating direct and indirect costs (for example, specific identification, burden rate, standard cost, or other 
      reasonable allocation method). 
2     The method of allocating mixed service costs (for example, direct reallocation, step-allocation, simplified service cost using the 
      labor-based allocation ratio, simplified service cost using the production cost allocation ratio, or other reasonable allocation 
      method). 
3     Except  for  long-term  contract  accounting  methods,  the  method  of  capitalizing  additional  section  263A  costs  (for  example, 
      simplified production with or without the historic absorption  ratio election, modified simplified production with or without the
      historic absorption ratio election, simplified resale with or without the historic absorption ratio election including permissible 
      variations, the U.S. ratio, or other reasonable allocation method). 
Section B—Direct and Indirect Costs Required To Be Allocated
Check the appropriate boxes showing the costs that are or will be fully included, to the extent required, in the cost of real or tangible 
personal property produced or property acquired for resale under section 263A or allocated to long-term contracts under section 460. 
Mark “N/A” in a box if those costs are not incurred by the applicant. If a box is not checked, it is assumed that those costs are not 
fully included to the extent required. Attach an explanation for boxes that are not checked.
                                                                                                     Present method      Proposed method 
1     Direct material .      . . .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
2     Direct labor  .      . . . .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
3     Indirect labor       . . . .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
4     Officers’ compensation (not including selling activities)  . .  .  . .   .  .   . .  .   .  .
5     Pension and other related costs  .   . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
6     Employee benefits  .     . .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
7     Indirect materials and supplies  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
8     Purchasing costs  .      . .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
9     Handling, processing, assembly, and repackaging costs  .        .  . .   .  .   . .  .   .  .
10    Offsite storage and warehousing costs  .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
11    Depreciation,  amortization,  and  cost  recovery  allowance  for  equipment  and  facilities 
      placed in  service and not temporarily idle  . . .   . .     .  .  . .   .  .   . .  .   .  .
12    Depletion  .       . . . . .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
13    Rent    . .        . . . . .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
14    Taxes other than state, local, and foreign income taxes .    .  .  . .   .  .   . .  .   .  .
15    Insurance  .       . . . . .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
16    Utilities .        . . . . .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
17    Maintenance and repairs that relate to a production, resale, or long-term contract activity
18    Engineering  and  design  costs  (not  including  section  174  research  and  experimental  
      expenses)          . . . . .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
19    Rework labor, scrap, and spoilage    . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
20    Tools and equipment  .     .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
21    Quality control and inspection  .  . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
22    Bidding expenses incurred in the solicitation of contracts awarded to the applicant      .  .
23    Licensing and franchise costs  .   . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
24    Capitalizable service costs (including mixed service costs)     .  . .   .  .   . .  .   .  .
25    Administrative costs (not including any costs of selling or any return on capital) . .   .  .
26    Research and experimental expenses attributable to long-term contracts .        . .  .   .  .
27    Interest  .        . . . . .  .  . . . .    .  . .   . .     .  .  . .   .  .   . .  .   .  .
28    Other costs (Attach a list of these costs.) .  . .   . .     .  .  . .   .  .   . .  .   .  .
                                                                                                                  Form 3115 (Rev. 12-2022) 

Form 3115 (Rev. 12-2022)                                                                                                     Page 8 
Part III   Method of Cost Allocation (continued  ) See instructions. 
Section  C—Other  Costs  Not  Required  To  Be  Allocated   (Complete  Section  C  only  if  the  applicant  is  requesting  to  change  its 
method for these costs.) 
                                                                                                     Present method      Proposed method 
1     Marketing, selling, advertising, and distribution expenses  . . . . .     . .   . . .      .
2     Research and experimental expenses not included in Section B, line 26   .   .   . . .      .
3     Bidding expenses not included in Section B, line 22   . .     . . . .     . .   . . .      .
4     General and administrative costs not included in Section B   .  . . .     . .   . . .      .
5     Income taxes         . . . . . .  .    . .  .   . . . . .     . . . .     . .   . . .      .
6     Cost of strikes  .     . . . . .  .    . .  .   . . . . .     . . . .     . .   . . .      .
7     Warranty and product liability costs  .  .  .   . . . . .     . . . .     . .   . . .      .
8     Section 179 costs  .     . . . .  .    . .  .   . . . . .     . . . .     . .   . . .      .
9     On-site storage  .     . . . . .  .    . .  .   . . . . .     . . . .     . .   . . .      .
10    Depreciation, amortization, and cost recovery allowance not included in Section B,  
      line 11  .         . . . . . . .  .    . .  .   . . . . .     . . . .     . .   . . .      .
11    Other costs (Attach a list of these costs.) .   . . . . .     . . . .     . .   . . .      .
Schedule E—Change in Depreciation or Amortization (see instructions) 
Applicants  requesting  approval  to  change  their  method  of  accounting  for  depreciation  or  amortization  complete  this  section. 
Applicants must provide this information for each item or class of property for which a change is requested. 
Note: See the Summary of the List of Automatic Accounting Method Changes in the instructions for information regarding automatic 
changes under sections 56, 167, 168, or 197, or former sections 168, 1400I, or 1400L. Do not file Form 3115 with respect to certain late 
elections and election revocations. See instructions. 
1     Is depreciation for the property determined under Regulations section 1.167(a)-11 (CLADR)?  .        .    . .      Yes No
      If “Yes,” the only changes permitted are under Regulations section 1.167(a)-11(c)(1)(iii). 
2     Is any of the depreciation or amortization required to be capitalized under any Code section, such as 
      section  263A?  .      . . . . .  .    . .  .   . . . . .     . . . .     . .   . . .      . . .     .    . .      Yes No
      If “Yes,” enter the applicable section 
3     Has a depreciation, amortization, expense, or disposition election been made for the property, such as 
      the election under sections 168(f)(1), 168(i)(4), 179, 179C, or Regulations section 1.168(i)-8(d)? . .    . .      Yes No
      If “Yes,” state the election made 
4 a   Attach a statement describing the property subject to the change. Include the property’s  description, type, placed-in-service 
      year,  and  use  in  the  applicant’s  trade  or  business  or  income-producing  activity.  Also  include  the  type  and  amount  of  any
      federal  tax  credit  claimed  or  grant  received,  along  with  any  necessary  adjustments  to  basis  required  under  the  Internal
      Revenue Code, with respect to the property.
b     If the property is residential rental property, did the applicant live in the property before renting it? . .      Yes No
c     Is the property public utility property? .  .   . . . . .     . . . .     . .   . . .      . . .     .    . .      Yes No
5     To the extent not already provided in the applicant’s description of its present method, attach a statement explaining how the
      property is treated under the applicant’s present method (for example, depreciable property, inventory property, supplies under 
      Regulations section 1.162-3, nondepreciable section 263(a) property, property deductible as a current expense, etc.). 
6     If the property is not currently treated as depreciable or amortizable property, attach a statement of the facts supporting the
      proposed change to depreciate or amortize the property. 
7     If  the  property  is  currently  treated  and/or  will  be  treated  as  depreciable  or  amortizable  property,  provide  the  following 
      information for both the present (if applicable) and proposed methods: 
a     The Code section under which the property is or will be depreciated or amortized (for example, section 168(g)). 
b     The applicable asset class from Rev. Proc. 87-56, 1987-2 C.B. 674, for each asset depreciated under section 168 (MACRS)  or 
      under former section 1400L; the applicable asset class from Rev. Proc. 83-35, 1983-1 C.B. 745, for each asset depreciated
      under  former section 168 (ACRS); an explanation why no asset class is identified for each asset for which an asset class has
      not  been identified by the applicant. 
c     The facts to support the asset class for the proposed method. 
d     The depreciation or amortization method of the property, including the applicable Code section (for example, 200% declining 
      balance  method under section 168(b)(1)). 
e     The useful life, recovery period, or amortization period of the property. 
f     The applicable convention of the property. 
g     Whether the additional first-year special depreciation allowance (for example, as provided by section 168(k), 168(l), 168(m), 
      or former section 168(n), 1400L(b), or 1400N(d)) was or will be claimed for the property. If not, also provide an explanation as to 
      why no special depreciation allowance was or will be claimed.
h     Whether the property was or will be in a single asset account, a multiple asset account, or a general asset account.
                                                                                                                    Form 3115 (Rev. 12-2022)