A cost segregation engineering review of building components and site improvements was performed on a self storage facility that included approximately 23,975 square feet of total building space along with a 3,700 square foot parking area. The cost segregation benefit included a 29.08% reclassification of 39-year depreciation class life assets into 5 and 15 year class lives, resulting in an accelerated benefit of $755,921.17 out of a $2,599,674.00 total basis.
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.