A cost segregation engineering review of building components and site improvements was performed on a 3-story office building that included 45,000 square feet of rentable space in New Jersey. The resulting benefit included a 44.47% reclassification of 39-year depreciation class life assets into 5 and 15 year class lives resulting in an accelerated benefit of $690,592. In addition to, $56,203 in improvements was also able to be accelerated.
Engineered Tax Services, Inc. (ETS) has helped thousands of property owners nationally increase their cash-flow by accelerating depreciation through our cost segregation studies. Our cost segregation studies work to uncover potential tax savings and increase cash flow through reclassification and depreciation of property. ETS provides a “Detailed Engineering” review as part of our reporting process, working seamlessly with the IRS and your CPA firm for minimal disruption to your business. For more information, please contact us at 800-236-6519 or get a complimentary analysis here.