Cost Segregation Study For Apartment Building, Denver, CO

$768,098.42 in first year tax savings

Had the owners of this $2.4 million apartment building in Denver, Colorado taken the straight-line depreciation rate, the property would have generated $88,800 in first-year depreciation. Instead, they hired Engineered Tax Services to conduct a cost segregation study, accelerating first-year depreciation to $856,900. This allowed them to save $768,098 on taxes in the first year.