Tengu format ruling
Depth Amulet

Card effect (current official text)When your opponent's monster declares an attack, you can discard 1 card to negate the attack. Destroy this card during your opponent's 3rd End Phase after activation.
Rulings
- Discarding a card and negating the attack are considered to happen simultaneously.
- Discarding 1 card is not a cost. It is part of the resolution of the effect. If your opponent’s 3rd End Phase after the activation of "Depth Amulet" is skipped for whatever reason, "Depth Amulet" will remain face-up on the field. You can only activate the effect of "Depth Amulet" once for each attack that is declared. You can flip "Depth Amulet" at any time.
- You can only activate its effect when your opponent’s monster declares an attack.
- You can flip "Depth Amulet" and activate its effect in the same Chain Link.
- "Depth Amulet" targets the attacking monster.
Rulings data courtesy of Format Library — formatlibrary.com. Spotted an inaccuracy? Flag it in the Tengu forum — sourced change requests get reviewed.