$395,121.65 in first year tax savings
Purchased in 2020 for $7.1 million, this winery in Napa, California would have had a straight-line value of $182,000 in first-year depreciation. By conducting a cost segregation study, Engineered Tax Services increased the first-year depreciation value to $3.1 million. Because of this, the winery enjoyed $395,121 in first-year tax savings.
