Year 1 Increased Depreciation:
This 2015 cost segregation study for a local storage company was part of 5 sites that the owners have been acquiring over the years. With catch up depreciation, the results were spectacular. On this single property alone we reclassified the following:
Although the 5-year assets in a storage facility aren’t as plentiful as an apartment building, the catchup on this project made it well worth the fee. The owners were able to increase their depreciation deduction by $294,642.
Copyright © 2017 – 2024 Cost Segregation Authority, All rights reserved.
