Discovered Additional First Year Deprecation Deduction of over $400,000 Using Cost Segregation Study

An office building was constructed from the ground up at a total cost of $3.3 million. As a result of a cost segregation study, nearly $731,000 of costs were re-categorized from 39-year property to 5, 7 and 15 year property.  This resulted in an additional first year depreciation deduction of over $400,000.