Year 1 Increased Depreciation:
Cost Segregation Authority was engaged to perform a study on 2 of this Fortune 500’s new office buildings located in Los Gatos, California in 2017.
The subject property is a 105,333 square foot Class A office building sitting on 4.65 acres. For each of the buildings we were able to reclassify the following percentages of each asset class:
With the finish quality and size of this project, the client was able to increase their operational cash flow by accelerating the depreciation of several million dollars. The fun part about this cost segregation study was counting the over 58,000 trees and bushes throughout the property.