Eubank, Betts, Hirn, Wood, PLLC executes studies designed to identify those hard-to-find personal property assets hidden in contractors' costs. The studies performed to identify the cost savings are called Cost Segregation Studies.
A cost segregation study makes it possible for taxpayers to accelerate depreciation deductions by identifying and segregating nonstructural building costs and land improvement costs of their commercial buildings. These items have much shorter depreciable lives than the assigned 39-year life for nonresidential real property. Items such as landscaping, site fencing, parking lots, security equipment, and overhead hoists are just a few examples of nonstructural building and land improvement costs
Cost segregations studies can be performed on newly purchased or constructed buildings, existing property placed in service after 1986, existing buildings undergoing renovation or expansion, commercial leasehold improvements and "fit outs."
The industries that benefit the most from a study include:
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Apartment Complexes
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Automobile and Truck Dealerships
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Banks
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Distribution & Warehouse Centers
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Fast Food Restaurants
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Financial Institutions
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Food Processing Facilities
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Hotels & Motels
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Manufacturing Plants
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Medical Centers
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Nursing Home & Health Care
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Office Buildings
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Retail Chains
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Shopping malls
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Supermarkets
Please contact us for further information regarding our Cost Segregation Studies and determine if your commercial building qualifies for a cost segregation study.
