$1,199,763.72 in Total Realized Tax Savings
Engineered Tax Services performed a cost segregation engineering review of building components and site improvements on a 32,000 square foot building in Negaunee Michigan. The single story building has various areas devoted to office and nursing station activities, multipurpose, spa & activity rooms, areas devoted to kitchen, dining and laundry plus a salon, therapy and lobby entrance. The cost segregation benefit included a reclassification of 27.5-year depreciation class life assets into 5 and 15 year class lives, resulting in a combined benefit of $1,199,763.72.
Additionally, ETS’ next generation cost segregation study captured $76,000.00 in 45L Residential Energy Efficiency Tax Credit as well as identify $2,286.90 in qualified repairs under the final tangible property repair regulations.
| Class Life | Percentage | Accelerated Tax |
| 5-Year | 16.85% | $758,967.74 |
| 15-Year | 9.78% | $440,795.98 |
| 27.5-Year | 78.37% | $3,305,120.44 |
| Total Realized Tax Benefits | $4,504,884.16 |
