$662,914.87 in first year tax savings
A cost segregation study increased the first-year depreciation rate for this $2.5 million office building in Portland, Oregon (purchased in 2018) from $64,103 to $662,914, resulting in $662,914 in first-year tax savings.
|Study Type||Class Life||Percentage||Accelerated Tax|
|Total 1st Yr Depreciation with Cost Seg||$662,914.87|
|Total 1st Yr Depreciation without Cost Seg||$64,103.00|
|Total Difference in Depreciation 1st Year||$598,811.80|
% amounts relate to how much was reallocated from the depreciated basis