$368,837.70 in first-year tax savings
This San Diego, California manufacturer was purchased for $2.2 million in 2021. Taking the straight-line depreciation value, it would have generated approximately $56,400 of depreciation in the first year. To accelerate depreciation, Engineered Tax Services conducted a cost segregation study that more accurately classified the depreciation rate of various parts of the manufacturing building. This resulted in a new first-year depreciation of $425,200, which generated $368,837 in tax savings.